There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-15-9 — Administration of total return unitrust--Authority of trustee.
55-15-9. Administration of total return unitrust--Authority of trustee. In administering a total return unitrust, the trustee may, in its sole discretion but subject to the provisions of the governing instrument, determine:
(1) The effective date of the
conversion;
(2) The timing of distributions (including
provisions for prorating a distributions for a short year in which
a beneficiary' right to payments commences or ceases);
(3) Whether distributions are to be made
in cash or in kind or partly in cash and partly in
kind;
(4) If the trust is reconverted to an
income trust, the effective date of such reconversion;
and
(5) Such other administrative issues as
may be necessary or appropriate to carry out the purposes of this
chapter.
Source: SL 2002, ch 225, § 9.
Source: SL 2002, ch 225, § 9.
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