Section 55-6-3 - Operation of common trust funds--Compliance with law governing administrationof trust estates.

55-6-3. Operation of common trust funds--Compliance with law governing administration of trust estates. The bank or trust company operating such common trust funds shall comply with the provisions of chapter 21-22 in the administration of the trust estate.

Source: SL 1941, ch 20, § 2; SDC Supp 1960, § 6.0902.