29A-1-108. Acts by holder of general power.
For the purpose of granting consent or approval with regard to the acts or accounts of a personal representative or trustee, and for purposes of consenting to modification or termination of a trust or to deviation from its terms, the sole holder or all co-holders of a presently exercisable general power of appointment are deemed to act for beneficiaries to the extent their interests (as objects, takers in default, or otherwise) are subject to the power.
Source: SL 1995, ch 167, ยง1-108.
Structure South Dakota Codified Laws
Title 29A - Uniform Probate Code
Chapter 01 - General Provisions, Definitions And Probate Jurisdiction Of Court
Section 29A-1-101 - Short title.
Section 29A-1-102 - Purposes - Rule of construction.
Section 29A-1-103 - Supplementary general principles of laws applicable.
Section 29A-1-104 - Severability.
Section 29A-1-106 - Effect of fraud and evasion.
Section 29A-1-107 - Evidence as to death or status.
Section 29A-1-108 - Acts by holder of general power.
Section 29A-1-201 - General Definitions.
Section 29A-1-301 - Territorial application.
Section 29A-1-304 - Practice in court.
Section 29A-1-305 - Records and certified copies.
Section 29A-1-306 - Jury trial.
Section 29A-1-307 - Performance of acts and orders.
Section 29A-1-310 - Oath or affirmance on filed documents.
Section 29A-1-311 - Fixing time and place for hearings.