South Dakota Codified Laws 54-9-18. Removal of assignee by circuit court–Discharge on full accounting and surrender ofproperty to new assignee
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Whenever any assignee so removed shall have fully accounted for and turned over to the assignee or assignees appointed by the judge all the trust estate and made a full report of all his doings, and complied with all orders of the judge touching such estate, he may by order of the judge be fully discharged from all further duties, liabilities, and responsibilities connected with the trust.
Terms Used In South Dakota Codified Laws 54-9-18
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Source: SL 1887, ch 8, § 1; SL 1887, ch 9, § 1; CL 1887, § 4675; RCivC 1903, § 2387; RC 1919, § 2060; SDC 1939 & Supp 1960, § 37.5110.