There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 55 FIDUCIARIES AND TRUSTS
Chapter 02. Duties And Liabilities Of Trustees
§55-2-17 Conditions under which beneficiary has power to change trustees.
SD Codified L § 55-2-17 (through 2012) What's This?
55-2-17. Conditions under which beneficiary has power to change trustees. For the purposes of § 55-2-15, a beneficiary shall be considered to have the power to "change the trustees" if he or she can, alone or with others, name himself or herself as a trustee or can remove a trustee and replace that trustee with a new trustee who is the beneficiary or who is related or subordinate (as defined in § 672 of the I.R.C.) to the beneficiary.
Source: SL 2007, ch 281, § 3; SL 2009, ch 252, § 18.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
