Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 4 - UNIFORM TRUSTS ACT
Section 55-4-23 - Exoneration or reimbursement of trustee for tort-Increase in value of trust property

S.D. Codified Laws § 55-4-23

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Current through the 2024 Legislative Session
Section 55-4-23 - Exoneration or reimbursement of trustee for tort-Increase in value of trust property

If a trustee commits a tort which increases the value of the trust property, he shall be entitled to exoneration or reimbursement with respect thereto to the extent of such increase in value, even though he would not otherwise be entitled to exoneration or reimbursement.

SDCL 55-4-23

SL 1943, ch 308, § 13; SDC Supp 1960, § 59.0513 (2).