Section 55-4-3 - Number of trustees for exercise of powers

55-4-3. Number of trustees for exercise of powers.Unless it is otherwise provided by the trust instrument, or an amendment thereof, or by court order, any power vested in three or more trustees may be exercised by a majority of such trustees and any power vested in two trustees shall be exercised by both of such trustees. Source: SL 1943, ch 308, §11; SDC Supp 1960, §59.0511 (1); SL 2011, ch 212, §14.