There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-13-1 — Definitions.
55-13-1. Definitions. As used in this chapter:
(1) "Income beneficiary" means the person
to whom income is presently payable or for whom it is accumulated
for distribution as income;
(2) "Inventory value" means the cost of
property purchased by the trustee and the market value of other
property at the time it became subject to the trust, but in the
case of a testamentary trust the trustee may use any value finally
determined for the purposes of an estate or inheritance
tax;
(3) "Remainderman" means the person
entitled to principal, including income which has been accumulated
and added to principal;
(4) "Trustee" means an original trustee
and any successor or added trustee.
Source: SL 1984, ch 323, § 1.
Source: SL 1984, ch 323, § 1.
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