{"data":{"id":"us-sd/sdcl-55-6-2","jurisdiction":"us-sd","citation":"SDCL § 55-6-2","heading":"Bank or trust company investment in funds.","body":"Any bank or trust company qualified to act as fiduciary in this state may, as such fiduciary or cofiduciary, invest funds which it lawfully holds for investment in interests in common trust funds or collective investment funds established pursuant to § 55-6-1, if such investment is not prohibited by the instrument, judgment, decree, or order creating such fiduciary relationship, and if, in the case of cofiduciaries, the bank or trust company procures the consent of its cofiduciary or cofiduciaries to such investment.","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-6. COMMON TRUST FUNDS AND COLLECTIVE INVESTMENT FUNDS"],"source_url":"https://sdlegislature.gov/Statutes/55-6-2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"0da0af30a119cef8cb947ad1e79cee895fca11b2e3dfb172256763dae05c4abc","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-6-1.2","next":"us-sd/sdcl-55-6-2.1"},"notice":"GroundRules: Original legal text. Not legal advice."}