South Dakota Codified Laws 55-4-26. Tort liability of trust estate–Action against trustee, proof as to reimbursementunnecessary
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In an action against the trustee in his representative capacity under § 55-4-25 the plaintiff need not prove that the trustee could have secured reimbursement from the trust fund if he had paid the plaintiff’s claim.
Terms Used In South Dakota Codified Laws 55-4-26
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes trustees, a corporate as well as a natural person and a successor or substitute trustee. See South Dakota Codified Laws 55-4-1
Source: SL 1943, ch 308, § 14; SDC Supp 1960, § 59.0514 (2).