Without diminishing the powers of a trustee over the affairs of the trust or trust property, a trustee may not bind a beneficiary of the trustee's trust except as provided in subdivisions 55-18-9(5), (9), (11), and (16).
S.D. Codified Laws § 55-18-21
Limitations on trustee's authority to bind beneficiary
Source: SL 2017, ch 208, § 21; SL 2019, ch 209, § 10.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.