South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 01 - Classification And Creation Of Trusts

Section 55-1-5.1 - Express trust need not be for exclusive benefit of beneficiaries. - 55-1-5.1. Express trust need not be for exclusive benefit of...

Section 55-1-6 - Implied trust--Definition--Creation. - 55-1-6. Implied trust--Definition--Creation. An implied trust is one which is...

Section 55-1-6.1 - Implied trust may not prejudice rights of real property purchaser or encumbrancer. - 55-1-6.1. Implied trust may not prejudice rights of real property...

Section 55-1-7 - Wrongful detention creates implied trust. - 55-1-7. Wrongful detention creates implied trust. One who wrongfully detains...

Section 55-1-8 - Implied trust resulting from fraud, accident or wrongful act. - 55-1-8. Implied trust resulting from fraud, accident or wrongful act....

Section 55-1-9 - Implied trust created by transfer of property in violation of trust. - 55-1-9. Implied trust created by transfer of property in violation...

Section 55-1-10 - Transfer of real property to one for money paid by another--Trust presumed. - 55-1-10. Transfer of real property to one for money paid...

Section 55-1-11 - Implied trust--Declaration by court of equity. - 55-1-11. Implied trust--Declaration by court of equity. The enumeration in...

Section 55-1-12 - Trustor, trustee, beneficiary, power of appointment, and person defined. - 55-1-12. Trustor, trustee, beneficiary, power of appointment, and person defined....

Section 55-1-13 - Voluntary trustee--Assumption of relationship. - 55-1-13. Voluntary trustee--Assumption of relationship. Everyone who voluntarily assumes a...

Section 55-1-14 - Interest in existing trust--Transfer by operation of law or written instrument. - 55-1-14. Interest in existing trust--Transfer by operation of law or...

Section 55-1-15 - Certain trusts not terminated upon trustor's death. - 55-1-15. Certain trusts not terminated upon trustor's death. A trust...

Section 55-1-20 - Trusts for noncharitable purposes. - 55-1-20. Trusts for noncharitable purposes. Subdivisions 55-1-4(2) and 55-1-5(2) notwithstanding,...

Section 55-1-21 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. - 55-1-21. Trust for care of animal, care of other property,...

Section 55-1-21.1 - Termination of trust for care of animal. - 55-1-21.1. Termination of trust for care of animal. Except as...

Section 55-1-21.3 - Court order where fulfillment of purposes are impossible, inexpedient, or unlawful. - 55-1-21.3. Court order where fulfillment of purposes are impossible, inexpedient,...

Section 55-1-21.4 - Enforcement of purpose of trust by enforcer. - 55-1-21.4. Enforcement of purpose of trust by enforcer. The purposes...

Section 55-1-21.5 - Removal of enforcer. - 55-1-21.5. Removal of enforcer. A trustee may petition the court...

Section 55-1-21.6 - Discretion of trustee of purpose trust. - 55-1-21.6. Discretion of trustee of purpose trust. Except as otherwise...

Section 55-1-21.7 - Judicial designation of trustee--Order to carry out intent of trustor and purpose of trust. - 55-1-21.7. Judicial designation of trustee--Order to carry out intent of...

Section 55-1-21.8 - Distribution of property upon termination of purpose of trust. - 55-1-21.8. Distribution of property upon termination of purpose of trust....

Section 55-1-21.9 - Filings, reports, accounting, separation of funds, appointment, and registration of purpose trust not required--Exceptions. - 55-1-21.9. Filings, reports, accounting, separation of funds, appointment, and registration...

Section 55-1-21.10 - Trustee may not use principal and income other than for trust's purposes. - 55-1-21.10. Trustee may not use principal and income other than...

Section 55-1-22 - Hybrid purpose trusts valid. - 55-1-22. Hybrid purpose trusts valid. A hybrid purpose trust which...

Section 55-1-22.1 - Separate shares for beneficiaries and purposes to be maintained in hybrid purpose trust. - 55-1-22.1. Separate shares for beneficiaries and purposes to be maintained...

Section 55-1-22.2 - Beneficiaries' share of a hybrid purpose trust. - 55-1-22.2. Beneficiaries' share of a hybrid purpose trust. The beneficiaries'...

Section 55-1-22.3 - Spendthrift provision in hybrid purpose trust--Qualified dispositions in trust. - 55-1-22.3. Spendthrift provision in hybrid purpose trust--Qualified dispositions in trust....

Section 55-1-22.4 - Application of §§ 55-1-21 to 55-1-21.9 to hybrid purpose trust--Exceptions. - 55-1-22.4. Application of §§55-1-21 to 55-1-21.9 to hybrid purpose trust--Exceptions....

Section 55-1-22.5 - Discretion of trustee of hybrid purpose trust. - 55-1-22.5. Discretion of trustee of hybrid purpose trust. Except as...

Section 55-1-22.6 - Enforcer of hybrid purpose trust. - 55-1-22.6. Enforcer of hybrid purpose trust. In addition to §55-1-21.4,...

Section 55-1-24 - Definitions applicable to §§ 55-1-24 to 55-1-45. - 55-1-24. Definitions applicable to §§55-1-24 to 55-1-45. Terms used in...

Section 55-1-24.1 - Improper motive. - 55-1-24.1. Improper motive. For purposes of §§55-1-24 to 55-1-45, inclusive,...

Section 55-1-24.2 - Withdrawal power. - 55-1-24.2. Withdrawal power. A withdrawal power allows a person a...

Section 55-1-25 - Distinction between discretionary trust and support trust--Creditor rights--Judicial review. - 55-1-25. Distinction between discretionary trust and support trust--Creditor rights--Judicial review....

Section 55-1-27 - Certain remainder interests not property interests. - 55-1-27. Certain remainder interests not property interests. Although a remainder...

Section 55-1-28 - Interest of beneficiary or others not reachable by creditors. - 55-1-28. Interest of beneficiary or others not reachable by creditors....

Section 55-1-29 - Trust property not subject to personal obligations of trustee. - 55-1-29. Trust property not subject to personal obligations of trustee....

Section 55-1-30 - Distribution and remainder interests not relevant to division of marital property. - 55-1-30. Distribution and remainder interests not relevant to division of...

Section 55-1-31 - Resources of settlor's spouse to be considered in making distribution from support trust--Other beneficiary's resources need not be considered. - 55-1-31. Resources of settlor's spouse to be considered in making...

Section 55-1-32 - Factors which are not dominion and control over trust. - 55-1-32. Factors which are not dominion and control over trust....

Section 55-1-33 - Factors which are insufficient evidence that settlor controls or is alter ego of trustee. - 55-1-33. Factors which are insufficient evidence that settlor controls or...

Section 55-1-35 - Trust declaration that beneficiary's interest subject to spendthrift trust--Payment of beneficiary expenses. - 55-1-35. Trust declaration that beneficiary's interest subject to spendthrift trust--Payment...

Section 55-1-36 - Satisfaction of claims of settlor's creditors from trust estate if settlor is beneficiary. - 55-1-36. Satisfaction of claims of settlor's creditors from trust estate...

Section 55-1-36.1 - Effect on creditor claims of trustee discretionary powers to pay taxes or make reimbursements for taxes. - 55-1-36.1. Effect on creditor claims of trustee discretionary powers to...

Section 55-1-37 - Application of spendthrift provision. - 55-1-37. Application of spendthrift provision. A spendthrift provision applies to...

Section 55-1-38 - Classification of distribution interest. - 55-1-38. Classification of distribution interest. A distribution interest can be...

Section 55-1-38.1 - Classification of interest as support interest. - 55-1-38.1. Classification of interest as support interest. If a trust...

Section 55-1-39 - Bifurcation of trust. - 55-1-39. Bifurcation of trust. To the extent a trust contains...

Section 55-1-40 - Language resulting in classification of distribution interest. - 55-1-40. Language resulting in classification of distribution interest. Although not...

Section 55-1-41 - Effect of spendthrift provision. - 55-1-41. Effect of spendthrift provision. If the trust contains a...

Section 55-1-42 - Mandatory or support interests. - 55-1-42. Mandatory or support interests. A beneficiary of a mandatory...

Section 55-1-43 - Discretionary interests. - 55-1-43. Discretionary interests. The following provisions apply only to discretionary...

Section 55-1-44 - Action for fraudulent transfer of settlor's assets--Jurisdiction--Attorneys' fees and costs--Burden of proof. - 55-1-44. Action for fraudulent transfer of settlor's assets--Jurisdiction--Attorneys' fees and...

Section 55-1-45 - Limitation of action for fraudulent transfer of settlor's assets. - 55-1-45. Limitation of action for fraudulent transfer of settlor's assets....

Section 55-1-46 - No contest clause defined--Enforceability. - 55-1-46. No contest clause defined--Enforceability. For purposes of §§55-1-46 to...

Section 55-1-47 - Extrinsic evidence not admissible to establish settlor's intent concerning no contest clause. - 55-1-47. Extrinsic evidence not admissible to establish settlor's intent concerning...

Section 55-1-48 - Circumstances under which no contest clause unenforceable. - 55-1-48. Circumstances under which no contest clause unenforceable. A no...

Section 55-1-49 - Contest regarding settlor's signature. - 55-1-49. Contest regarding settlor's signature. Notwithstanding anything to the contrary...

Section 55-1-50 - Attorneys fees and costs. - 55-1-50. Attorneys fees and costs. The court may award attorneys...

Section 55-1-51 - Applicability of §§ 55-1-46 to 55-1-50. - 55-1-51. Applicability of §§55-1-46 to 55-1-50. Sections 55-1-46 to 55-1-50,...

Section 55-1-52 - Interest on general pecuniary devises. - 55-1-52. Interest on general pecuniary devises. General pecuniary devises bear...

Section 55-1-53 - Expansion, restriction, elimination, or variance of provisions of general application. - 55-1-53. Expansion, restriction, elimination, or variance of provisions of general...

Section 55-1-54 - Arbitration. - 55-1-54. Arbitration. In addition to the trustee's power to submit...

Section 55-1-55 - Trust enforceable although not funded or without res, corpus, or assets. - 55-1-55. Trust enforceable although not funded or without res, corpus,...

Section 55-1-56 - Registration of trust in court at principal place of administration. - 55-1-56. Registration of trust in court at principal place of...

Section 55-1-57 - Contents of registration statement. - 55-1-57. Contents of registration statement. Registration shall be accomplished by...

Section 55-1-58 - Confidentiality of registration. - 55-1-58. Confidentiality of registration. The registration shall be sealed and...

Section 55-1-59 - Trust registration form. - 55-1-59. Trust registration form. The trust registration form may be...

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South Dakota Codified Laws Title 55 - Fiduciaries and Trusts Chapter 01 - Classification And Creation Of Trusts

South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 01 - Classification And Creation Of Trusts