Act not retroactive

SDCL § 55-7-13 — under THIRD-PARTY RESPONSIBILITY FOR FIDUCIARY ACTS.

SDCL § 55-7-13

The provisions of §§ 55-7-2 to 55-7-15 , inclusive, shall not apply to transactions taking place prior to July 1, 1943. Source: SL 1943, ch 19 , § 11; SDC Supp 1960, § 6.0711.