§ 55-1A-23 Borrowing money against trust assets.

SD Codified L § 55-1A-23 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

55-1A-23. Borrowing money against trust assets. A trustee may borrow money, and mortgage or otherwise encumber or pledge trust assets, for a term within or extending beyond the term of his trust, in connection with the exercise of any power vested in himself.

Source: SL 1979, ch 336, § 23.