South Dakota Codified Laws 55-1A-24. Contracts binding upon trust
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A trustee may enter into contracts binding upon his trust which are reasonably incident to the administration of the trust and which he believes to be for the best interests of the trust.
Terms Used In South Dakota Codified Laws 55-1A-24
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1979, ch 336, § 24.