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§ 55-4-23 Exoneration or reimbursement of trustee for tort--Increase in value of trust property.

SD Codified L § 55-4-23 (2019) (N/A)
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55-4-23. Exoneration or reimbursement of trustee for tort--Increase in value of trust property. If a trustee commits a tort which increases the value of the trust property, he shall be entitled to exoneration or reimbursement with respect thereto to the extent of such increase in value, even though he would not otherwise be entitled to exoneration or reimbursement.

Source: SL 1943, ch 308, § 13; SDC Supp 1960, § 59.0513 (2).

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§ 55-4-22 Exoneration or reimbursement of trustee for tort committed in administration of trust.
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§ 55-4-24 Liability of trustees of charitable trust for torts not changed by provisions of law as to exoneration or reimbursement of trustee for tort.