South Dakota Codified Laws 55-1B-5. Excluded fiduciary’s liability for loss if trust protector appointed
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If an instrument appoints a trust protector, the excluded fiduciary is not liable for any loss resulting from any action taken upon such trust protector’s direction.
Terms Used In South Dakota Codified Laws 55-1B-5
- Fiduciary: A trustee, executor, or administrator.
Source: SL 1997, ch 280, § 5.