There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-1-15 — Certain trusts not terminated upon trustor\'s death.
55-1-15. Certain trusts not terminated upon trustor's death. A trust which provides for one or more successor beneficiaries upon the death of the trustor is not invalid, merged or terminated if:
(1) There is a trustor who is the sole
trustee and the sole beneficiary during the trustor's lifetime;
or
(2) There are two or more trustors, one or
more of whom is trustee, and the beneficial interest of the trust
is in one or more of the trustors during the lifetime of the
trustors.
Source: SL 1991, ch 395, § 1.
Source: SL 1991, ch 395, § 1.
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