Any person who in good faith enters into a transaction in reliance on a certificate of trust may enforce the transaction against the trust property as if the representations contained in the certification were correct.
S.D. Codified Laws § 55-4-54
Enforcement of transaction entered into in reliance on certificate of trust
Known as the Uniform Trusts Act
The act spans §§ 55–55 (57 sections).
Applied in 1 court decision — leading case PLAINS COMMERCE BANK, INC. v. BECK (2023)
Most recently applied in PLAINS COMMERCE BANK, INC. v. BECK (February 2023)
Source: SL 2009, ch 252, § 27.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.