S.D. Codified Laws § 55-1-22

Current through the 2024 Legislative Session

Section 55-1-22 - Hybrid purpose trusts valid

A hybrid purpose trust which meets the description of a purpose trust in §§ 55-1-20 to 55-1-21.10, inclusive, also includes one or more beneficiaries is valid and may be performed.

SDCL 55-1-22

SL 2006, ch 247, §3; SL 2018, ch 275, §14.

Amended by S.L. 2018, ch. 275,s. 14, eff. 7/1/2018.