Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 16 - QUALIFIED DISPOSITIONS IN TRUST
Section 55-16-7 - Disposition to more than one trustee-Qualified disposition even if all trustees are not qualified persons

S.D. Codified Laws § 55-16-7

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Current through the 2024 Legislative Session
Section 55-16-7 - Disposition to more than one trustee-Qualified disposition even if all trustees are not qualified persons

In the case of a disposition to more than one trustee, a disposition that is otherwise a qualified disposition may not be treated as other than a qualified disposition solely because not all of the trustees are qualified persons.

SDCL 55-16-7

SL 2005, ch 261, §7.