43-5-5. Computation of period for interest or trust created under power of appointment.
If a future interest or trust is created by exercise of a power of appointment, the permissible period is computed from the time the power is exercised if the power is a general power including a testamentary general power or from the time the power is created if the power is not a general power.
Source: SL 1983, ch 304, §1; SL 1993, ch 355, §4.
Structure South Dakota Codified Laws
Chapter 05 - Restraints On Alienation Of Property
Section 43-5-1 - Absolute power of alienation--Suspension--Limitation.
Section 43-5-3 - Term of years--Suspension of absolute ownership.
Section 43-5-4 - Suspension of power to alienate trust as suspension of power of alienation.
Section 43-5-5 - Computation of period for interest or trust created under power of appointment.
Section 43-5-6 - Distribution according to intent of creator.
Section 43-5-7 - Exempt transfers.
Section 43-5-8 - Rule against perpetuities not in force.
Section 43-5-9 - Limitation of actions to void existing instruments.