21-22-32. Title 55 governs actions of trustee as party to transaction.
79 words·~1 min read·
/sd/title-21/chapter-21-22/21-22-32A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the application of the principles of conflict of laws to the terms of a transaction involving a trust, whether a purchase of property by, or a sale of property to, a trust administered by a qualified person in South Dakota, as defined in § 55-3-41 , the laws of this state as set forth in title 55 shall govern the actions of the trustee as a party thereto. South Dakota shall be considered the situs of the transaction.