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Statutes > South Dakota Statutes > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 07 - Third-Party Responsibility For Fiduciary Acts

Chapter 07 - Third-Party Responsibility For Fiduciary Acts

  • Section 55-7-1 - Liability of third persons dealing with trustees.
  • Section 55-7-2 - Definition of terms.
  • Section 55-7-3 - A thing done "in good faith" defined.
  • Section 55-7-4 - Payment or transfer to fiduciary--Nonliability of transferor for improper application.
  • Section 55-7-5 - Check or bill of exchange drawn by fiduciary payable to third person--Liability ofpayee.
  • Section 55-7-6 - Transfer of check or bill of exchange drawn by fiduciary who holds it as payee ortransferee.
  • Section 55-7-7 - Bank account in name of fiduciary--Check drawn by fiduciary--Bank's liability toprincipal.
  • Section 55-7-8 - Bank account in name of principal--Check drawn by fiduciary--Bank's liability toprincipal.
  • Section 55-7-9 - Deposit in bank to fiduciary's personal account--Bank's liability to principal.
  • Section 55-7-10 - Deposit in bank in names of two or more trustees--Check drawn by one.
  • Section 55-7-11 - Negotiable instrument transferred by fiduciary.
  • Section 55-7-12 - Law governing transactions not within Uniform Fiduciaries Act.
  • Section 55-7-13 - Act not retroactive.
  • Section 55-7-14 - Uniformity of interpretation.




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