S.D. Codified Laws § 55-3-12

Purchase by trustee of claims against trust property

Year: 2025Length: 56 wordsOfficial source
A trustee cannot enforce any claim against the trust property which he purchases after or in contemplation of his appointment as trustee; but he may be allowed by any competent court to charge to the trust property what he has in good faith paid for the claim, upon discharging the same. Source: SDC 1939, § 59.0208.
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