51A-10-5. Tax liability on payments to survivors of deposits in name of two or more persons or in trust for another.
No bank so paying any such survivor or survivors under §§51A-10-3 and 51A-10-4 is liable for any estate, inheritance, or succession taxes due this state.
Source: SL 1969, ch 11, §8.6; SL 1970, ch 265, §44; SDCL, §51-22-7; SL 1992, ch 88, §13; SL 1993, ch 94, §7.
Structure South Dakota Codified Laws
Section 51A-10-1 - "Deposit" or "deposits" defined.
Section 51A-10-2 - Minors' accounts.
Section 51A-10-3 - Deposits in name of two or more persons.
Section 51A-10-4 - Deposits in trust for another.
Section 51A-10-7 - Duty of depositor to examine statement of account and vouchers.
Section 51A-10-8 - Misdemeanor to certify check where drawer's funds insufficient.
Section 51A-10-9 - Preferential deposits.
Section 51A-10-11 - Loans prohibited when reserve deficient.