Excluded fiduciary's liability for loss if trust protector appointed.

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Directed Trusts
  5. Excluded fiduciary's liability for loss if trust protector appointed.

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55-1B-5. Excluded fiduciary's liability for loss if trust protector appointed.

If an instrument appoints a trust protector, the excluded fiduciary is not liable for any loss resulting from any action taken upon such trust protector's direction.

Source: SL 1997, ch 280, §5.


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