A bank exercising trust powers shall have the same investment powers as an individual fiduciary under like circumstances.
S.D. Codified Laws § 51A-5-11
Investment powers of trust company
Source: SL 1969, ch 11, § 5.5; SL 1970, ch 265, § 38; SDCL, § 51-19-6.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.