55-2-21. Trustee's right to distribute income or principal in trust arising under law or terms of first trust not abridged.
No provision of §§55-2-15 to 55-2-20, inclusive, may be construed to abridge the right of any trustee who has power to distribute income or principal in further trust which arises under statute, common law, or the terms of the first trust.
Source: SL 2007, ch 281, §7; SL 2009, ch 252, §20.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 02 - Duties And Liabilities Of Trustees
Section 55-2-1 - Trustee's obligation of good faith.
Section 55-2-4 - Trustee's influence not to be used for his advantage.
Section 55-2-5 - Trustee not to assume a trust adverse to the interest of beneficiary.
Section 55-2-6 - Adverse interest of trustee--Information to beneficiary--Removal of trustee.
Section 55-2-7 - Fraud against beneficiary of trust.
Section 55-2-8 - Presumption against trustee.
Section 55-2-9 - Liability of trustee mingling trust property with his own.
Section 55-2-11 - Liability for acts of cotrustee.
Section 55-2-14 - Duty to provide information regarding revocable trust and its administration.
Section 55-2-17 - Conditions under which beneficiary has power to change trustees.
Section 55-2-20 - Impermissible use of power.
Section 55-2-22 - Fiduciary duty to determine that substituted property is of equivalent value.
Section 55-2-23 - Reliance of excluded fiduciaries and trustees on tax information.