South Dakota § 55-6-1 - Establishment and maintenance of common trust funds and collective investment funds--Purpose.
Full text of South Dakota South Dakota Codified Laws § 55-6-1 — Establishment and maintenance of common trust funds and collective investment funds--Purpose., with citation guidance and answers to common questions.
§ 55-6-1. Establishment and maintenance of common trust funds and collective investment funds--Purpose.
Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds or collective investment funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others, as cofiduciaries.
Any common trust fund or collective investment fund authorized by this chapter shall be established and maintained in accordance with 12 C.F.R. 9.18 as of January 1, 2011.
Source: SL 1941, ch 20, § 1; SDC Supp 1960, § 6.0901; SL 2011, ch 212, § 23.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 55-6-1
What does South Dakota Codified Laws § 55-6-1 cover?
Section 55-6-1 ("Establishment and maintenance of common trust funds and collective investment funds--Purpose.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 55-6-1?
A common citation format is "South Dakota Codified Laws § 55-6-1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 55-6-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.