The trustee of an implied trust who becomes such through his own fault has none of the rights to compensation or repayment of expense prescribed in §§ 55-3-13 and 55-3-14.

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Terms Used In South Dakota Codified Laws 55-3-15

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

Source: SDC 1939, § 59.0214.