S.D. Codified Laws § 55-1-4

Current through the 2024 Legislative Session

Section 55-1-4 - Creation of express trust-Words or acts of trustor

An express trust is created as to the trustor and beneficiary by any words or acts of the trustor indicating with reasonable certainty:

(1) An intention on the part of the trustor to create a trust; and

(2) The subject, purpose, and beneficiary of the trust.

Any express trust that concerns real property shall also be evidenced in writing.

SDCL 55-1-4

SDC 1939, § 59.0105; SL 2017, ch 204, §5.

Amended by S.L. 2017, ch. 204,s. 5, eff. 7/1/2017.