S.D. Codified Laws § 55-6-1

Current through the 2024 Legislative Session

Section 55-6-1 - Establishment and maintenance of common trust funds and collective investment funds-Purpose

Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds or collective investment funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others, as cofiduciaries.

Any common trust fund or collective investment fund authorized by this chapter shall be established and maintained in accordance with 12 C.F.R. 9.18 as of January 1, 2011.

SDCL 55-6-1

SL 1941, ch 20, § 1; SDC Supp 1960, § 6.0901; SL 2011, ch 212, §23.