South Dakota Codified Laws 55-2-7. Fraud against beneficiary of trust
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Every violation of the provisions of §§ 55-2-1 to 55-2-6, inclusive, is a fraud against the beneficiary of the trust.
Terms Used In South Dakota Codified Laws 55-2-7
- 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
- Fraud: Intentional deception resulting in injury to another.
Source: SDC 1939, § 59.0112.