South Dakota Codified Laws 55-2-4. Trustee’s influence not to be used for his advantage
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A trustee may not use the influence which his position gives him to obtain any advantage from his beneficiary.
Terms Used In South Dakota Codified Laws 55-2-4
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
Source: SDC 1939, § 59.0109.