There is a newer version of the South Dakota Codified Laws
2015 South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 13A - Uniform Principal And Income Act
- § 55-13A-101 Short title.
- § 55-13A-102 Definitions.
- § 55-13A-103 Fiduciary duties--General principles.
- § 55-13A-104 Trustee's power to adjust.
- § 55-13A-105 Judicial control of discretionary power. ARTICLE 2. DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST.
- § 55-13A-201 Determination and distribution of net income.
- § 55-13A-202 Distribution to residuary and remainder beneficiaries. ARTICLE 3. APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST.
- § 55-13A-301 When right to income begins and ends.
- § 55-13A-302 Apportionment of receipts and disbursements when decedent dies or income interest begins.
- § 55-13A-303 Apportionment when income interest ends. ARTICLE 4. ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST. PART 1. RECEIPTS FROM ENTITIES.
- § 55-13A-401 Character of receipts.
- § 55-13A-402 Distribution from trust or estate.
- § 55-13A-403 Business and other activities conducted by trustee. PART 2. RECEIPTS NOT NORMALLY APPORTIONED.
- § 55-13A-404 Principal receipts.
- § 55-13A-405 Rental property.
- § 55-13A-406 Obligation to pay money.
- § 55-13A-407 Insurance policies and similar contracts. PART 3. RECEIPTS NORMALLY APPORTIONED.
- § 55-13A-408 Insubstantial allocations not required.
- § 55-13A-409 Deferred compensation, annuities, and similar payments.
- § 55-13A-410 Liquidating asset.
- § 55-13A-411 Minerals, water, and other natural resources.
- § 55-13A-412 Timber.
- § 55-13A-413 Property not productive of income.
- § 55-13A-414 Derivatives and options.
- § 55-13A-415 Asset-backed securities. ARTICLE 5. ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST.
- § 55-13A-501 Disbursements from income.
- § 55-13A-502 Disbursements from principal.
- § 55-13A-503 Transfers from income to principal for depreciation.
- § 55-13A-504 Transfers from income to reimburse principal.
- § 55-13A-505 Income taxes.
- § 55-13A-506 Adjustments between principal and income because of taxes. ARTICLE 6. MISCELLANEOUS PROVISIONS.
- § 55-13A-601 Uniformity of application and construction.
- § 55-13A-602 Application of chapter to existing trusts and estates.
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