PocketLaw | South Dakota Codified Laws | Uniform Trusts Act

Uniform Trusts Act

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Definition of terms.

Powers attached to the office of trustee.

Number of trustees for exercise of powers.

Liability of trustee not joining in exercise of power.

Cotrustee--Liability for maladministration of trust.

Voting of corporate stock owned by trustee.

Creation of trust--Bank account to pay special debts.

Trust to pay special debts--Failure of beneficiary to present claim for payment--Revocation of trust by depositor.

Holding stock in name of nominee.

Section
55-4-10

Loan of trust funds.

Section
55-4-11

Corporate trustee depositing trust funds with self--Interest.

Section
55-4-12

Corporate trustee depositing trust funds with self--Maintenance of required value--Ownership of income--Items specified in statements of financial condition to Division of Banking.

Section
55-4-13

Trustee not to buy from or sell to self--Exception.

Section
55-4-14

Permitted sales between trusts held by same corporate trustee.

Section
55-4-15

Corporate trustee buying its own stock.

Section
55-4-16

Withdrawals from mingled trust funds.

Section
55-4-17

Unenforceable oral trust created by deed--Duties of intended trustee--Conveyance of real property interest under oral trust.

Section
55-4-18

Unenforceable oral trust created by deed--Liability of trustee to settlor for transfer of real property.

Section
55-4-19

Action on contract against trustee in representative capacity--Execution against trust property--Intervention by beneficiary.

Section
55-4-20

Action on contract against trustee--Notice to beneficiaries.

Section
55-4-21

Action on contract against trustee--Personal liability of trustee.

Section
55-4-22

Exoneration or reimbursement of trustee for tort committed in administration of trust.

Section
55-4-23

Exoneration or reimbursement of trustee for tort--Increase in value of trust property.

Section
55-4-24

Liability of trustees of charitable trust for torts not changed by provisions of law as to exoneration or reimbursement of trustee for tort.

Section
55-4-25

Tort liability of trust estate--Action against trustee, amount of recovery, intervention by beneficiary.

Section
55-4-26

Tort liability of trust estate--Action against trustee, proof as to reimbursement unnecessary.

Section
55-4-27

Tort liability of trust estate--Action against trustee, notice to beneficiaries.

Section
55-4-28

Personal liability for tort committed by trustee.

Section
55-4-29

Existing law as to charitable immunity not changed by law as to tort liability of trust estate.

Section
55-4-30

Power of settlor of trust.

Section
55-4-31

Trustee not liable if beneficiary consents to conduct or releases trustee from liability or ratifies transaction.

Section
55-4-32

Relieving trustee of duties--Power of the court.

Section
55-4-33

Liabilities for violations of chapter.

Section
55-4-34

Application of chapter to testamentary trust.

Section
55-4-35

Uniformity of interpretation.

Section
55-4-36

Citation of chapter.

Section
55-4-37

Liability for fiduciary's partnership interest limited.

Section
55-4-38

Limitation on trustee's power to make distributions to his or her benefit.

Section
55-4-39

"Trustee" construed broadly.

Section
55-4-40

Applicability of §§ 55-4-38 and 55-4-39.

Section
55-4-41

Certain trustees exempted from §§ 55-4-38 to 55-4-40, inclusive.

Sections
55-4-42 - to 55-4-47

Repealed.

Section
55-4-48

55-4-49. Repealed.

Section
55-4-50

Co-trustee's inability or failure to perform.

Section
55-4-51

Certificate of trust furnished in lieu of copy of trust instrument or will that creates testamentary trust--Contents.

Section
55-4-51.1

Recording of certificate of trust--Reliance upon content.

Section
55-4-51.2

Applicability of §§ 55-4-51 and 55-4-51.1.

Section
55-4-51.3

Form of certificate of trust in support of a real property transaction.

Section
55-4-52

Request for excerpts from trust instrument.

Section
55-4-53

Limitation of liability for acting in reliance on certificate of trust.

Section
55-4-54

Enforcement of transaction entered into in reliance on certificate of trust.

Section
55-4-55

Liability for bad faith demand for trust instrument.

Section
55-4-56

Right to obtain copy of trust instrument in judicial proceeding.

Section
55-4-57

Time for commencing judicial proceeding to contest validity of trust--Distribution of trust property--Recovery of improper distribution--Notice.

Section
55-4-58

Presentation of claims against property of trust revocable at settlor's death.