2006 South Dakota Code - 55-15-7 — Minimum amount for certain unitrusts.

     55-15-7.   Minimum amount for certain unitrusts. The unitrust amount may not be less than the net income of the trust, determined without regard to the provisions of § 55-15-8, for (i) a trust for which a marital deduction has been taken for federal tax purposes under I.R.C. section 2056 or 2523 (during the lifetime of the spouse for whom the trust was created), or (ii) a trust to which the generation-skipping transfer tax due under I.R.C. section 2601 does not apply by reason of any effective date or transition rule.

Source: SL 2002, ch 225, § 7.