A trustee may employ attorneys, accountants, investment advisors, agents or other persons, even if they are associated with himself, to advise or assist himself in the performance of his duties; act without independent investigation upon their recommendations; and instead of acting personally, employ one or more agents to perform any act of administration, whether or not such act is discretionary.

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Terms Used In South Dakota Codified Laws 55-1A-31

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

Source: SL 1979, ch 336, § 31.