S.D. Codified Laws § 55-7-1
Current through the 2024 Legislative Session
One who actually and in good faith transfers any money or other property to a trustee as such is not bound to see to the application thereof; and his rights can in no way be prejudiced by a misapplication thereof by the trustee. Other persons must at their peril see to the proper application of money or other property paid or delivered by them.
SDCL 55-7-1