43-30B-5. Termination of trust--Distribution of trust moneys.
A trust in favor of an unlocatable or unidentifiable mineral owner shall remain in force until an order of the court is entered, after such notice as may be required by the court, finding that an owner has appeared and been identified. The court shall fix the date upon which the owner is deemed to have owned the interest. The court shall determine the division of the remaining funds of the trust, provide for the payment of fees and expenses to dissolve and distribute the trust, and determine any other matters raised by the petitioner, owner, or trustee.
Source: SL 2013, ch 223, §5; SL 2017, ch 189, §5.
Structure South Dakota Codified Laws
Chapter 30B - Trust For Unlocated Or Unidentified Mineral Interest Owners
Section 43-30B-1 - Petition for creation of trust.
Section 43-30B-2 - Required showing.
Section 43-30B-4 - Administration of trust.
Section 43-30B-5 - Termination of trust--Distribution of trust moneys.
Section 43-30B-6 - Actions not use of mineral interest under chapter 43-30A.