S.D. Codified Laws § 55-1-24.2
This is the official text of S.D. Codified Laws § 55-1-24.2, 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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Withdrawal power
Official statutory text
A withdrawal power allows a person a right to withdraw all or some part of the trust property, whether from income or principal. The holder of a withdrawal power is not deemed to be the settlor of the trust by failing to exercise a withdrawal power or letting a withdrawal power lapse.
Source: SL 2011, ch 212, § 32; SL 2016, ch 231, § 11.
Source: SL 2011, ch 212, § 32; SL 2016, ch 231, § 11.
Status: in_force · Read it on the official government site
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