The bank or trust company operating such common trust funds or collective investment funds shall comply with the provisions of chapter 21-22 in the administration of the trust estate.
S.D. Codified Laws § 55-6-3
Compliance with law governing administration of trust estates
Known as the Uniform Common Trust Fund Act
The act spans §§ 55–55 (10 sections).
Source: SL 1941, ch 20, § 2; SDC Supp 1960, § 6.0902; SL 2011, ch 212, § 26.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.