S.D. Codified Laws § 55-1-22.5

Current through the 2024 Legislative Session

Section 55-1-22.5 - Discretion of trustee of hybrid purpose trust

Except as otherwise provided in the governing instrument, a trustee of a hybrid purpose trust is vested with full discretion in administering the trust and considering the best interests of the beneficiaries and the purposes of the trust.

SDCL 55-1-22.5

SL 2018, ch 275, §19.

Added by S.L. 2018, ch. 275,s. 19, eff. 7/1/2018.