Section 55-1-6 - Implied trust--Definition--Creation.
55-1-6. Implied trust--Definition--Creation. An implied trust is one which is created by operation of law. An implied trust arises in the cases described in §§ 55-1-7 to 55-1-10, inclusive.
Source: SDC 1939, §§ 59.0101, 59.0102.