S.D. Codified Laws § 55-3-23

Current through the 2024 Legislative Session

Section 55-3-23 - Termination of trust

In addition to the methods specified in §§ 55-3-24 to 55-3-27, inclusive, a trust terminates if:

(1) The term of the trust expires;

(2) The trust purpose is fulfilled;

(3) The trust purpose becomes unlawful or impossible to fulfill; or

(4) The trust is revoked.

SDCL 55-3-23

SL 1998, ch 282, §1; SL 2016, ch 231, §21.

Amended by S.L. 2016, ch. 231,s. 21, eff. 7/1/2016.