A trustee may acquire, sell, or otherwise dispose of an asset, at public or private sale, for cash or on credit, with or without security as he deems advisable, and he may manage, develop, exchange, partition, change the character of, or abandon a trust asset or any interest therein.
S.D. Codified Laws § 55-1A-11
Disposal of trust assets
Applied in 1 court decision — leading case SBS Financial Services, Inc. v. Plouf Family Trust (2012)
Most recently applied in SBS Financial Services, Inc. v. Plouf Family Trust (October 2012)
Source: SL 1979, ch 336, § 11.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.