55-3-17. Discharge of trustee--Grounds.

A trustee can be discharged from his trust only as follows:

(1)    By the extinction of the trust;

(2)    By the completion of his duties under the trust;

(3)    By such means as may be prescribed by the declaration of trust;

(4)    By the consent of the beneficiary, if he has capacity to contract;

(5)    By the judgment of a competent tribunal in a direct proceeding for that purpose that he is of unsound mind; or

(6)    By the circuit court.

Source: SDC 1939, § 59.0218.