S.D. Codified Laws § 55-3-19

Discharge of trustee before trust executed--Duty to secure appointment of successor

Year: 2025Length: 46 wordsOfficial source
If a trustee procures or assents to his discharge from his office before his trust is fully executed, he must use at least ordinary care and diligence to secure the appointment of a trustworthy successor before accepting his own final discharge. Source: SDC 1939, § 59.0206.
S.D. Codified Laws § 55-3-19: Discharge of trustee before trust executed--Duty to secure appointment of successor | Justis AI