55-13-18. Application of chapter to existing trusts and estates.
The provisions of this chapter may not be utilized by any trust created after June 30, 2007, or by any decedent's estate based upon a will executed subsequent to June 30, 2007. Any trust or decedent's estate not otherwise prohibited by this section from utilizing this chapter may apply the provisions of this chapter to such trust or decedent's estate upon the making of an election as provided in §55-13A-602.
Source: SL 2007, ch 282, §34.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 13 - Revised Uniform Principal And Income Act
Section 55-13-1 - Definitions.
Section 55-13-2 - Duty of trustee as to receipts and expenditures.
Section 55-13-3 - Income--Principal--Charges.
Section 55-13-4 - When right to income arises--Apportionment of income.
Section 55-13-5 - Income earned during administration of a decedent's estate.
Section 55-13-6 - Corporate distributions.
Section 55-13-7 - Increase in value of certain trust investments distributable as income.
Section 55-13-8 - Business and farming operations.
Section 55-13-9 - Disposition of natural resources.
Section 55-13-11 - Other property subject to depletion.
Section 55-13-13 - Charges against income and principal.
Section 55-13-14 - Application of chapter.
Section 55-13-15 - Uniformity of interpretation.
Section 55-13-16 - Short title.
Section 55-13-17 - Severability.
Section 55-13-18 - Application of chapter to existing trusts and estates.