S.D. Codified Laws § 55-2-9

Liability of trustee mingling trust property with his own

Year: 2025Length: 36 wordsOfficial source
A trustee who willfully and unnecessarily mingles the trust property with his own so as to constitute himself in appearance its absolute owner is liable for its safety in all events. Source: SDC 1939, § 59.0114.
S.D. Codified Laws § 55-2-9: Liability of trustee mingling trust property with his own | Justis AI