S.D. Codified Laws § 55-1-1

Current through the 2024 Legislative Session

Section 55-1-1 - Purposes for which trust may be created

Except as otherwise prescribed by chapters 43-4 and 43-25 relating to transfers, a trust may be created for any purpose for which a contract may lawfully be made.

SDCL 55-1-1

CivC 1877, § 1293; CL 1887, § 3916; RCivC 1903, § 1612; RC 1919, § 1190; SDC 1939 § 59.0104; SL 2017, ch 204, §4.

Amended by S.L. 2017, ch. 204,s. 4, eff. 7/1/2017.