S.D. Codified Laws § 55-4-8

Current through the 2024 Legislative Session

Section 55-4-8 - Trust to pay special debts-Failure of beneficiary to present claim for payment-Revocation of trust by depositor

If any beneficiary for whom a trust is created pursuant to § 55-4-7 does not present his claim to the bank for payment within one year after it is due, the depositor who created such trust may revoke it as to such creditor.

SDCL 55-4-8

SL 1943, ch 308, § 2; SDC Supp 1960, § 59.0502 (2).