S.D. Codified Laws § 55-1-22.4
This is the official text of S.D. Codified Laws § 55-1-22.4, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Application of §§55-1-21to55-1-21.9to hybrid purpose trust--Exceptions
Official statutory text
The provisions of §§ 55-1-21 to 55-1-21.9 , inclusive, apply to a hybrid purpose trust except that:
(1) Under § 55-1-21.1 , except as otherwise provided in the governing instrument, a trust as described in subdivision 55-1-21(1) terminates when no living animal is covered by the trust unless the trust may continue for the benefit of the beneficiaries; and
(2) Under § 55-1-21.2 , a court has no power to reduce the amount of trust property intended for or allocated to any beneficiaries or any charitable purposes.
Source: SL 2018, ch 275, § 18.
(1) Under § 55-1-21.1 , except as otherwise provided in the governing instrument, a trust as described in subdivision 55-1-21(1) terminates when no living animal is covered by the trust unless the trust may continue for the benefit of the beneficiaries; and
(2) Under § 55-1-21.2 , a court has no power to reduce the amount of trust property intended for or allocated to any beneficiaries or any charitable purposes.
Source: SL 2018, ch 275, § 18.
Status: in_force · Read it on the official government site
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