South Dakota Codified Laws 51A-5-11. Investment powers of trust company
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A bank exercising trust powers shall have the same investment powers as an individual fiduciary under like circumstances.
Terms Used In South Dakota Codified Laws 51A-5-11
- Fiduciary: A trustee, executor, or administrator.
Source: SL 1969, ch 11, § 5.5; SL 1970, ch 265, § 38; SDCL, § 51-19-6.