A trustee, whether he receives any compensation or not, must use at least ordinary care and diligence in the execution of his trust.
S.D. Codified Laws § 55-3-10
Degree of care and diligence used in execution of trusts
Applied in 1 court decision — leading case In Re Schwan (2006)
Most recently applied in In Re Schwan (January 2006)
Source: SDC 1939, § 59.0205.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.