55-1A-11. Disposal of trust assets.
49 words·~1 min read·
/sd/title-55/chapter-55-1/55-1a-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trustee may acquire, sell, or otherwise dispose of an asset, at public or private sale, for cash or on credit, with or without security as he deems advisable, and he may manage, develop, exchange, partition, change the character of, or abandon a trust asset or any interest therein.