S.D. Codified Laws § 55-1-56
This is the official text of S.D. Codified Laws § 55-1-56, 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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Registration of trust in court at principal place of administration
Official statutory text
The trustee of a trust that has its principal place of administration in this state may register the trust in the court of this state at the principal place of administration. Unless otherwise designated in the trust instrument, the principal place of administration of a trust is the trustee's place of business where the records pertaining to the trust are kept, or at the trustee's residence if the trustee has no such place of business. In the case of co-trustees, the principal place of administration, if not otherwise designated in the trust instrument, is:
(1) The place of business of the corporate trustee if there is only one corporate co-trustee;
(2) The place of business or residence of the individual trustee who is a professional fiduciary if there is only one such person and no corporate co-trustee; or
(3) The place of business or residence of any of the co-trustees as agreed upon by the co-trustees.
Source: SL 2017, ch 204, § 8.
(1) The place of business of the corporate trustee if there is only one corporate co-trustee;
(2) The place of business or residence of the individual trustee who is a professional fiduciary if there is only one such person and no corporate co-trustee; or
(3) The place of business or residence of any of the co-trustees as agreed upon by the co-trustees.
Source: SL 2017, ch 204, § 8.
Status: in_force · Read it on the official government site
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