An express trust is an obligation arising out of a personal confidence reposed in and voluntarily accepted by one for the benefit of another.
S.D. Codified Laws § 55-1-3
Express trust defined
Applied in 1 court decision — leading case Willers v. Wettestad (1994)
Most recently applied in Willers v. Wettestad (January 1994)
Source: SDC 1939, § 59.0101.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.