<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 59-12-14 - Exoneration of agent.</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2078745Normal { text-indent: 0.50in; text-align: justify; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078745SENU { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078745CL { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078745DefaultParagraphFont { font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2078745StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078745000000 { font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2078745NoIndent { text-indent: 0.00in; text-align: justify; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2078745DefaultParagraphFont-000001 { font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2078745SCL { font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2078745Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-12-14"><span class="s2078745SENU">59-12-14</span></a><span xml:space="preserve" class="s2078745SENU">. </span><span class="s2078745CL">Exoneration of agent.</span></p><p dir="ltr" class="s2078745Normal"><span class="s2078745DefaultParagraphFont">A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent the provision:</span></p><p dir="ltr" class="s2078745StatuteNumber1"><span class="s2078745DefaultParagraphFont">(1)    Relieves the agent of liability for breach of duty committed dishonestly, with an improper motive, or with reckless indifference to the purposes of the power of attorney or the best interest of the principal; or</span></p><p dir="ltr" class="s2078745StatuteNumber1"><span class="s2078745DefaultParagraphFont">(2)    Was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.</span></p><p dir="ltr" class="s2078745Normal"><span xml:space="preserve" class="s2078745000000"> </span></p><p dir="ltr" class="s2078745NoIndent"><span xml:space="preserve" class="s2078745DefaultParagraphFont-000001">Source: </span><span class="s2078745SCL">SL 2020, ch 214, § 14.</span></p></div></body></html>