South Dakota Codified Laws > Title 55 > Chapter 5 – Investment and Management Powers of Fiduciaries


§ 55-5-6	Standards for investing and managing assets
§ 55-5-7	Prudent investor rule
§ 55-5-8	Diversification of investments
§ 55-5-9	Review of assets upon acceptance of trusteeship–Basis for disposition or retention of assets–Interest in closely held entity
§ 55-5-10	Investment strategy–Productivity judged by whole portfolio
§ 55-5-11	Circumstances considered in investment decisions
§ 55-5-12	Precedence of express provisions of trust instrument
§ 55-5-13	Court authority over trustee
§ 55-5-14	Authorization language
§ 55-5-15	Applicability of chapter
§ 55-5-16	Delegation of responsibilities to others
§ 55-5-17	Duties of trustee with respect to life insurance–Notice to settlor

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Terms Used In South Dakota Codified Laws > Title 55 > Chapter 5 - Investment and Management Powers of Fiduciaries

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Contract: A legal written agreement that becomes binding when signed.
Fiduciary: A trustee, executor, or administrator.
Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.
Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
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.
written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2