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Code · South Dakota · Title 55 · Chapter 55-3

55-3-7. Trustee's power as agent.

68 words·~1 min read·/sd/title-55/chapter-55-3/55-3-7

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A trustee is a general agent for the trust and the trust property. The trustee's authority is the authority that is conferred upon the trustee by the declaration of trust and by this chapter and none other. The trustee's acts, within the scope of the trustee's authority, bind the trust and the trust property to the same extent as the acts of an agent bind the agent's principal.
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