South Dakota Codified Laws
Chapter 10A - Uniform Transfers To Minors Act
Section 55-10A-2 - Scope and jurisdiction.

55-10A-2. Scope and jurisdiction.
This chapter applies to any transfer that refers to this chapter in the designation under §55-10A-9 by which the transfer is made if at the time of the transfer, the transferor, the minor or the custodian is a resident of this state or the custodial property is located in this state. The custodianship so created remains subject to this chapter despite a subsequent change in residence of a transferor, the minor, or the custodian or the removal of custodial property from this state. A person designated as custodian under this chapter is subject to personal jurisdiction in this state with respect to any matter relating to the custodianship. A transfer that purports to be made and which is valid under the Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act or a substantially similar act, of another state is governed by the law of the designated state and may be executed and is enforceable in this state if at the time of the transfer, the transferor, the minor or the custodian is a resident of the designated state or the custodial property is located in the designated state.

Source: SL 1986, ch 409, §2.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 55 - Fiduciaries and Trusts

Chapter 10A - Uniform Transfers To Minors Act

Section 55-10A-1 - Definitions.

Section 55-10A-2 - Scope and jurisdiction.

Section 55-10A-3 - Nomination of custodian.

Section 55-10A-4 - Transfer by gift or exercise of power of appointment.

Section 55-10A-5 - Transfer authorized by will or trust.

Section 55-10A-6 - Other transfer by fiduciary.

Section 55-10A-7 - Transfer by obligor.

Section 55-10A-8 - Receipt for custodial property.

Section 55-10A-9 - Manner of creating custodial property and effecting transfer.

Section 55-10A-10 - Designation of initial custodian.

Section 55-10A-11 - Control.

Section 55-10A-12 - Single custodianship.

Section 55-10A-13 - Validity and effect of transfer.

Section 55-10A-14 - Care of custodial property.

Section 55-10A-15 - Powers of custodian.

Section 55-10A-16 - Use of custodial property.

Section 55-10A-17 - Custodian's expenses, compensation, and bond.

Section 55-10A-18 - Exemption of third person from liability.

Section 55-10A-19 - Liability to third persons.

Section 55-10A-20 - Renunciation, resignation, death, or removal of custodian--Designation of successor custodian.

Section 55-10A-21 - Accounting by and determination of liability of custodian.

Section 55-10A-22 - Termination of custodianship.

Section 55-10A-23 - Applicability.

Section 55-10A-24 - Effect on existing custodianships.

Section 55-10A-25 - Short title.

Section 55-10A-26 - Repeal of the Gifts to Minors Act.