S.D. Codified Laws § 55-3-40

Current through the 2024 Legislative Session

Section 55-3-40 - Validity, construction, and administration of trust with state jurisdiction provision

The validity, construction, and administration of a trust with a state jurisdiction provision are determined by the laws of this state, including the:

(1) Capacity of the trustor;

(2) Powers, obligations, liabilities, and rights of the trustees and the appointment and removal of the trustees; and

(3) Existence and extent of powers, conferred or retained, including a trustee's discretionary powers, and the validity of the exercise of a power.

SDCL 55-3-40

SL 1998, ch 282, §21.