South Dakota Codified Laws 51A-6A-52. Fiduciary capacity of successor trust company
Current as of: 2023 | Check for updates
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Upon the merger or consolidation of any trust company, the successor trust company, upon acquiring trust authority, may be appointed to act as trustee, personal representative, conservator, or any other fiduciary capacity to the same extent and with the same authority as the trust company to which it succeeds.
Terms Used In South Dakota Codified Laws 51A-6A-52
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1995, ch 268, § 50.