If a trustee acquires any interest or becomes charged with any duty adverse to the interest of his beneficiary in the subject of the trust, he must immediately inform the latter thereof and may be at once removed.
S.D. Codified Laws § 55-2-6
Adverse interest of trustee--Information to beneficiary--Removal of trustee
Applied in 1 court decision — leading case In Re the Estate of Stevenson (2000)
Most recently applied in In Re the Estate of Stevenson (February 2000)
Source: SDC 1939, § 59.0111.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.