Section 55-4-5 - Cotrustee--Liability for maladministration of trust

55-4-5. Cotrustee--Liability for maladministration of trust.Nothing in §55-4-3 or 55-4-4 shall excuse a cotrustee from liability for inactivity in the administration of the trust nor for failure to attempt to prevent a breach of trust. Source: SL 1943, ch 308, §11; SDC Supp 1960, §59.0511 (2).