A trustee may acquire, sell, or otherwise dispose of an asset, at public or private sale, for cash or on credit, with or without security as he deems advisable, and he may manage, develop, exchange, partition, change the character of, or abandon a trust asset or any interest therein.

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Terms Used In South Dakota Codified Laws 55-1A-11

  • Trustee: A person or institution holding and administering property in trust.

Source: SL 1979, ch 336, § 11.