# 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

> South Dakota · Statutes · In force

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

## Section

- **Citation:** S.D. Codified Laws § 55-2-2
- **Heading:** Trustee not to use property for his own benefit--Profit of trustee from use of property, extent of liability
- **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 55-2-2

## Text

A trustee may not in any manner use or deal with the trust property for his own profit or for any other purpose unconnected with the trust.

If he does so, he may, at the option of the beneficiary, be required to account for all profits thereby made or to pay the value of the use of the trust property, and if he has disposed thereof, to replace it with its fruits or to account for its proceeds with interest.

Source: SDC 1939, § 59.0107.

## 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)

---

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