2006 South Dakota Code - 55-1-23 — Rule against perpetuities not reinstated.

     55-1-23.   Rule against perpetuities not reinstated. Nothing in §§ 55-1-20 to 55-1-22, inclusive, may be construed to reinstate the rule against perpetuities in South Dakota as to any trust except trusts specifically defined in §§ 55-1-20 to 55-1-22, inclusive, as honorary trusts or trusts for the care of specific animals.

Source: SL 2006, ch 247, § 4.

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