Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · South Dakota · Title 55 · Chapter 55-6

55-6-2.1. Powers of bank or trust company qualified to act as fiduciary.

128 words·~1 min read·/sd/title-55/chapter-55-6/55-6-2-1·

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

A bank or trust company qualified to act as a fiduciary in this state may:
(1)Establish and maintain common trust funds or collective investment funds for the collective investment of funds held in any fiduciary capacity by it or by another bank or trust company which is owned or controlled by a corporation which owns or controls such bank or trust company;
(2)Invest funds which it holds in common trust funds or collective investment funds established and maintained pursuant to subdivision (1).
The provisions of §§ 55-6-1 to 55-6-7 , inclusive, relating to common trust funds or collective investment funds shall apply to the establishment and maintenance of common trust funds or collective investment funds under this section.
This section shall apply to all fiduciary relationships.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.