South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 13A - Uniform Principal And Income Act

Section 55-13A-101 - Short title. - 55-13A-101. Short title. This chapter may be cited as the...

Section 55-13A-102 - Definitions. - 55-13A-102. Definitions. In this chapter: (1)"Accounting period" means a calendar...

Section 55-13A-103 - Fiduciary duties--General principles. - 55-13A-103. Fiduciary duties--General principles. (a) In allocating receipts and disbursements...

Section 55-13A-104 - Trustee's power to adjust. - 55-13A-104. Trustee's power to adjust. (a) A trustee may adjust...

Section 55-13A-105 - Judicial control of discretionary power. - 55-13A-105. Judicial control of discretionary power. (a) The court may...

Section 55-13A-201 - Determination and distribution of net income. - 55-13A-201. Determination and distribution of net income. After a decedent...

Section 55-13A-202 - Distribution to residuary and remainder beneficiaries. - 55-13A-202.Distribution to residuary and remainder beneficiaries. (a) Notwithstanding any contrary...

Section 55-13A-301 - When right to income begins and ends. - 55-13A-301. When right to income begins and ends. (a) An...

Section 55-13A-302 - Apportionment of receipts and disbursements when decedent dies or income interest begins. - 55-13A-302. Apportionment of receipts and disbursements when decedent dies or...

Section 55-13A-303 - Apportionment when income interest ends. - 55-13A-303. Apportionment when income interest ends. (a) In this section,...

Section 55-13A-401 - Character of receipts. - 55-13A-401. Character of receipts. (a) In this section, the term,...

Section 55-13A-402 - Distribution from trust or estate. - 55-13A-402. Distribution from trust or estate. A trustee shall allocate...

Section 55-13A-403 - Business and other activities conducted by trustee. - 55-13A-403. Business and other activities conducted by trustee. (a) If...

Section 55-13A-404 - Principal receipts. - 55-13A-404. Principal receipts. A trustee shall allocate to principal: (1)To...

Section 55-13A-405 - Rental property. - 55-13A-405. Rental property. To the extent that a trustee accounts...

Section 55-13A-406 - Obligation to pay money. - 55-13A-406. Obligation to pay money. (a) An amount received as...

Section 55-13A-407 - Insurance policies and similar contracts. - 55-13A-407. Insurance policies and similar contracts. (a) Except as otherwise...

Section 55-13A-408 - Insubstantial allocations not required. - 55-13A-408. Insubstantial allocations not required. If a trustee determines that...

Section 55-13A-409 - Deferred compensation, annuities, and similar payments. - 55-13A-409. Deferred compensation, annuities, and similar payments. (a) For the...

Section 55-13A-410 - Liquidating asset. - 55-13A-410. Liquidating asset. (a) In this section, the term, liquidating...

Section 55-13A-411 - Minerals, water, and other natural resources. - 55-13A-411. Minerals, water, and other natural resources. (a) To the...

Section 55-13A-412 - Timber. - 55-13A-412. Timber. (a) To the extent that a trustee accounts...

Section 55-13A-413 - Property not productive of income. - 55-13A-413. Property not productive of income. (a) If a marital...

Section 55-13A-414 - Derivatives and options. - 55-13A-414. Derivatives and options. (a) In this section, the term,...

Section 55-13A-415 - Asset-backed securities. - 55-13A-415. Asset-backed securities. (a) In this section, the term, asset-...

Section 55-13A-501 - Disbursements from income. - 55-13A-501. Disbursements from income. A trustee shall make the following...

Section 55-13A-502 - Disbursements from principal. - 55-13A-502. Disbursements from principal. (a) A trustee shall make the...

Section 55-13A-503 - Transfers from income to principal for depreciation. - 55-13A-503. Transfers from income to principal for depreciation. (a) In...

Section 55-13A-504 - Transfers from income to reimburse principal. - 55-13A-504. Transfers from income to reimburse principal. (a) If a...

Section 55-13A-505 - Income taxes. - 55-13A-505. Income taxes. (a) A tax required to be paid...

Section 55-13A-506 - Adjustments between principal and income because of taxes. - 55-13A-506. Adjustments between principal and income because of taxes. (a)...

Section 55-13A-601 - Uniformity of application and construction. - 55-13A-601. Uniformity of application and construction. In applying and construing...

Section 55-13A-602 - Application of chapter to existing trusts and estates. - 55-13A-602. Application of chapter to existing trusts and estates. This...