Third Party Responsibility For Fiduciary Acts

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Third Party Responsibility For Fiduciary Acts

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Section
55-7-1

Liability of third persons dealing with trustees.

Section
55-7-2

Definition of terms.

Section
55-7-3

A thing done "in good faith" defined.

Section
55-7-4

Payment or transfer to fiduciary--Nonliability of transferor for improper application.

Section
55-7-5

Check or bill of exchange drawn by fiduciary payable to third person--Liability of payee.

Section
55-7-6

Transfer of check or bill of exchange drawn by fiduciary who holds it as payee or transferee.

Section
55-7-7

Bank account in name of fiduciary--Check drawn by fiduciary--Bank's liability to principal.

Section
55-7-8

Bank account in name of principal--Check drawn by fiduciary--Bank's liability to principal.

Section
55-7-9

Deposit in bank to fiduciary's personal account--Bank's liability to principal.

Section
55-7-10

Deposit in bank in names of two or more trustees--Check drawn by one.

Section
55-7-11

Negotiable instrument transferred by fiduciary.

Section
55-7-12

Law governing transactions not within Uniform Fiduciaries Act.

Section
55-7-13

Act not retroactive.

Section
55-7-14

Uniformity of interpretation.

Section
55-7-15

Citation of uniform act.