South Dakota Codified Laws 55-3-19. Discharge of trustee before trust executed–Duty to secure appointment of successor
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If a trustee procures or assents to his discharge from his office before his trust is fully executed, he must use at least ordinary care and diligence to secure the appointment of a trustworthy successor before accepting his own final discharge.
Terms Used In South Dakota Codified Laws 55-3-19
- Trustee: A person or institution holding and administering property in trust.
Source: SDC 1939, § 59.0206.