Compliance with law governing administration of trust estates.

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55-6-3. Compliance with law governing administration of trust estates.

The bank or trust company operating such common trust funds or collective investment funds shall comply with the provisions of chapter 21-22 in the administration of the trust estate.

Source: SL 1941, ch 20, §2; SDC Supp 1960, §6.0902; SL 2011, ch 212, §26.


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