# S.D. Codified Laws § 55-2-10: Measure of liability for unauthorized use or disposal of trust property--Intent to serve interest of beneficiary

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-10

## Section

- **Citation:** S.D. Codified Laws § 55-2-10
- **Heading:** Measure of liability for unauthorized use or disposal of trust property--Intent to serve interest of beneficiary
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 55 / Chapter 2 / Section 55-2-10

## Text

A trustee who uses or disposes of the trust property in any manner not authorized by the trust but in good faith and with intent to serve the interest of the beneficiary is liable only to make good whatever is lost to the beneficiary by his error.

Source: SDC 1939, § 59.0115.

## Nearby sections

- [S.D. Codified Laws § 55-2-1 Trustee's obligation of good faith](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-1.md)
- [S.D. Codified Laws § 55-2-2 Trustee not to use property for his own benefit--Profit of trustee from use of property, extent of liability](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-2.md)
- [S.D. Codified Laws § 55-2-3 Transactions involving interest of trustee adverse to beneficiary prohibited--Exceptions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-3.md)
- [S.D. Codified Laws § 55-2-4 Trustee's influence not to be used for his advantage](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-4.md)
- [S.D. Codified Laws § 55-2-5 Trustee not to assume a trust adverse to the interest of beneficiary](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-5.md)
- [S.D. Codified Laws § 55-2-6 Adverse interest of trustee--Information to beneficiary--Removal of trustee](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-6.md)
- [S.D. Codified Laws § 55-2-7 Fraud against beneficiary of trust](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-7.md)
- [S.D. Codified Laws § 55-2-8 Presumption against trustee](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-8.md)
- [S.D. Codified Laws § 55-2-9 Liability of trustee mingling trust property with his own](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-9.md)
- [S.D. Codified Laws § 55-2-10 Measure of liability for unauthorized use or disposal of trust property--Intent to serve interest of beneficiary](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-10.md)
- [S.D. Codified Laws § 55-2-11 Liability for acts of cotrustee](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-11.md)
- [S.D. Codified Laws § 55-2-12 Liability and duties of successor trustee for agreements, contracts or actions of predecessor fiduciary](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-12.md)
- [S.D. Codified Laws § 55-2-13 Notice to qualified beneficiaries of existence of trust--Written directions--Variation of right of a beneficiary to be informed--Confidentiality of trust information](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-13.md)
- [S.D. Codified Laws § 55-2-13.1 Information to be provided to excluded fiduciaries--Liability limits of trustee](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-13.1.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C2_S55-2-10. Check the current official text before relying on it. Not legal advice.