Section 55-4-21 - Action on contract against trustee--Personal liability of trustee

55-4-21. Action on contract against trustee--Personal liability of trustee.The plaintiff in an action pursuant to §55-4-19 may also hold the trustee who made the contract personally liable on such contract, if the contract does not exclude such personal liability. The addition of the word 'trustee' or the words 'as trustee' after the signature of a trustee to a contract shall be deemed prima facie evidence of an intent to exclude the trustee from personal liability. Source: SL 1943, ch 308, §12; SDC Supp 1960, §59.0512 (3).