A trustee may grant an option for the sale or other disposition of a trust asset, or take an option for the acquisition of any asset.

Ask a will, trust or estate question, get an answer ASAP!
Thousands of highly rated, verified estate & trust lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws 55-1A-12

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

Source: SL 1979, ch 336, § 12.