2006 South Dakota Code - 55-16-12 — Creditor or other person--Rights with respect to a qualified disposition--Actionagainst trustee, advisor, or trust preparer prohibited.

     55-16-12.   Creditor or other person--Rights with respect to a qualified disposition--Action against trustee, advisor, or trust preparer prohibited. Notwithstanding any law to the contrary, a creditor, including a creditor whose claim arose before or after a qualified disposition, or any other person has only such rights with respect to a qualified disposition as are provided in §§ 55-16-9 to 55-16-16, inclusive, and no such creditor nor any other person has any claim or cause of action against the trustee, or advisor, described in § 55-16-4, of a trust that is the subject of a qualified disposition, or against any person involved in the counseling, drafting, preparation, execution, or funding of a trust that is the subject of a qualified disposition.

Source: SL 2005, ch 261, § 12.