58-10-16. Retroactive effect of statutory provisions regarding trusts.
The provisions of subdivision 58-10-4(6) and §§58-10-13 to 58-10-15, inclusive, are effective retroactively to November 2, 1889.
Source: SL 2006, ch 251, §5.
Structure South Dakota Codified Laws
Chapter 10 - Insurable Interest
Section 58-10-1 - Application to all insurance and annuity contracts--Exceptions.
Section 58-10-2 - Policy defined.
Section 58-10-4 - Insurable interest in personal insurance defined.
Section 58-10-5 - Insurance benefits recoverable from beneficiary without insurable interest.
Section 58-10-6 - Consent of insured required for life or health insurance on an individual.
Section 58-10-7 - Insurance of property--Insurable interest required.
Section 58-10-8 - Insurable interest in property defined.
Section 58-10-9 - Measure of insurable interest in property.
Section 58-10-11 - Change of property interest on death of insured.
Section 58-10-12 - Transfer of property interest between joint insureds.
Section 58-10-13 - Trust defined.
Section 58-10-14 - Business trust defined.
Section 58-10-15 - Trust to be governed by South Dakota law.
Section 58-10-16 - Retroactive effect of statutory provisions regarding trusts.