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Home » US Law » 2022 South Dakota Codified Laws » Title 55 - Fiduciaries and Trusts » Chapter 01B - Directed Trusts » Section 55-1B-5 – Excluded fiduciary’s liability for loss if trust protector appointed.

55-1B-5. Excluded fiduciary’s liability for loss if trust protector appointed.

If an instrument appoints a trust protector, the excluded fiduciary is not liable for any loss resulting from any action taken upon such trust protector’s direction.

Source: SL 1997, ch 280, §5.