South Dakota Codified Laws 59-3-11. Exceptions to general authority–Forbidden acts
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An authority expressed in general terms, however broad, does not authorize an agent to do any act that a trustee is forbidden to do by the law on trusts or that an agent is forbidden to do by the law on fiduciary access to digital assets.
Terms Used In South Dakota Codified Laws 59-3-11
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
Source: CivC 1877, § 1361, subdiv 3; CL 1887, § 3984, subdiv 3; RCivC 1903, § 1680, subdiv 3; RC 1919, § 1262 (3); SDC 1939, § 3.0205 (3); SL 2017, ch 209, § 28.