Cotrustee--Liability for maladministration of trust.

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Uniform Trusts Act
  5. Cotrustee--Liability for maladministration of trust.

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55-4-5. Cotrustee--Liability for maladministration of trust.

Nothing in §55-4-3 or 55-4-4 shall excuse a cotrustee from liability for inactivity in the administration of the trust nor for failure to attempt to prevent a breach of trust.

Source: SL 1943, ch 308, §11; SDC Supp 1960, §59.0511 (2).


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