S.D. Codified Laws § 55-9-8

Self-dealing by trustee prohibited

Last amended: 1972Year: 2025Length: 47 wordsOfficial source
The trustee of a trust described in § 55-9-7 shall not engage in any act of self - dealing which would give rise to any liability for the tax imposed by section 4941 (a) of the Internal Revenue Code. Source: SL 1972, ch 259, § 2 (2).
S.D. Codified Laws § 55-9-8: Self-dealing by trustee prohibited | Justis AI