Section 55-1-11 - Implied trust--Declaration by court of equity.
55-1-11. Implied trust--Declaration by court of equity. The enumeration in §§ 55-1-7 to 55-1-10, inclusive, of cases wherein an implied trust arises does not exclude or prevent the arising of an implied trust in other cases nor prevent a court of equity from establishing and declaring an implied, resulting, or constructive trust in other cases and instances pursuant to the custom and practice of such courts.
Source: SDC 1939, § 59.0102.