South Dakota Codified Laws 55-2-9. Liability of trustee mingling trust property with his own
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A trustee who willfully and unnecessarily mingles the trust property with his own so as to constitute himself in appearance its absolute owner is liable for its safety in all events.
Terms Used In South Dakota Codified Laws 55-2-9
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Trustee: A person or institution holding and administering property in trust.
Source: SDC 1939, § 59.0114.