S.D. Codified Laws § 55-3-40
This is the official text of S.D. Codified Laws § 55-3-40, 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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Validity, construction, and administration of trust with state jurisdiction provision
Official statutory text
The validity, construction, and administration of a trust with a state jurisdiction provision are determined by the laws of this state, including the:
(1) Capacity of the trustor;
(2) Powers, obligations, liabilities, and rights of the trustees and the appointment and removal of the trustees; and
(3) Existence and extent of powers, conferred or retained, including a trustee's discretionary powers, and the validity of the exercise of a power.
Source: SL 1998, ch 282, § 21.
(1) Capacity of the trustor;
(2) Powers, obligations, liabilities, and rights of the trustees and the appointment and removal of the trustees; and
(3) Existence and extent of powers, conferred or retained, including a trustee's discretionary powers, and the validity of the exercise of a power.
Source: SL 1998, ch 282, § 21.
Status: in_force · Read it on the official government site
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