55-1A-23. Borrowing money against trust assets.
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/sd/title-55/chapter-55-1/55-1a-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trustee may borrow money, and mortgage or otherwise encumber or pledge trust assets, for a term within or extending beyond the term of his trust, in connection with the exercise of any power vested in himself.