55-2-22. Fiduciary duty to determine that substituted property is of equivalent value.
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/sd/title-55/chapter-55-2/55-2-22A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the terms of a trust instrument, if a settlor has a power to substitute property of equivalent value, a trustee has a fiduciary duty to determine that the substituted property is of equivalent value, prior to allowing the substitution.