S.D. Codified Laws § 55-1-5.1

Current with legislation signed by the governor on or before 3/6/2024

Section 55-1-5.1 - Express trust need not be for exclusive benefit of beneficiaries

The terms of an express trust need not be for the exclusive benefit of its beneficiaries, whether or not the beneficiaries are ascertainable.

SDCL 55-1-5.1

SL 2017, ch 204, §7.

Added by S.L. 2017, ch. 204,s. 7, eff. 7/1/2017.