Chapter 3 - EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

Section 55-3-1 - Application of chapter
Section 55-3-2 - Creation of trust-Mutual consent of trustor and trustee
Section 55-3-3 - Appointing court or public officer as trustor
Section 55-3-4 - Declaration of trust-Declarations of trustor to trustee before acceptance
Section 55-3-5 - Trustee to follow declaration of trust-Modifications
Section 55-3-6 - Trust irrevocable in absence of express contrary provisions
Section 55-3-7 - Trustee's power as agent
Section 55-3-8 - [Repealed]
Section 55-3-9 - [Repealed]
Section 55-3-10 - Degree of care and diligence used in execution of trusts
Section 55-3-11 - Investment of money by trustee-Interest, simple or compound, on omission to invest trust moneys
Section 55-3-12 - Purchase by trustee of claims against trust property
Section 55-3-13 - Expenses incurred by trustee in performance of trust-Reimbursement
Section 55-3-14 - Compensation of trustee
Section 55-3-15 - Implied trustee-No rights to compensation or repayment of expenses
Section 55-3-16 - Vacation of office of trustee
Section 55-3-17 - Discharge of trustee-Grounds
Section 55-3-17.1 - Resignation of fiduciary
Section 55-3-18 - Survivorship between cotrustees
Section 55-3-19 - Discharge of trustee before trust executed-Duty to secure appointment of successor
Section 55-3-20 - Removal of trustee by circuit court-Vacant trusteeship filled by court
Section 55-3-20.1 - Grounds for removal of trustee
Section 55-3-21 - Appointment of trustee by circuit court-Grounds
Section 55-3-22 - [Repealed]
Section 55-3-23 - Termination of trust
Section 55-3-24 - Modification or termination of trust-Notice to fiduciaries-Distribution of property
Section 55-3-25 - Petition to court for affirmation-Non-consenting beneficiaries-Distribution of property
Section 55-3-26 - Petition to modify terms of trust-Circumstances-Distribution of property
Section 55-3-27 - Termination of noncharitable trusts valued under one hundred fifty thousand dollars-Distribution of property
Section 55-3-28 - Terms of trust may be reformed by court
Section 55-3-29 - Trustee may combine or divide trusts-Rights of beneficiaries-Trust purposes-Petition to court
Section 55-3-29.1 - Defense of laches not available
Section 55-3-29.2 - Statute of limitations defense not available
Section 55-3-30 - Provisions not exclusive
Section 55-3-31 to 55-3-38 - [Repealed]
Section 55-3-39 - When state law or jurisdiction provision valid, effective, and conclusive
Section 55-3-40 - Validity, construction, and administration of trust with state jurisdiction provision
Section 55-3-41 - Qualified person defined
Section 55-3-42 - State jurisdiction provision defined
Section 55-3-43 - South Dakota investments defined
Section 55-3-44 - Trustor defined
Section 55-3-45 - Beneficiary approval of trustee's accounting-Alternative approval of trustee's accounting-Accounting defined
Section 55-3-46 - Effect of the laws, rules, or orders of foreign country on trust or disposition of property
Section 55-3-46.1 - Effect of laws, rules, or orders of other states on a trust or disposition of property
Section 55-3-47 - Cessation of trustee upon action of foreign court-Successor trustee
Section 55-3-48 - South Dakota law governs administration of trust
Section 55-3-49 - Enforcement of foreign judgments