There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-16-14 — Multiple qualified dispositions in same trust instrument.
55-16-14. Multiple qualified dispositions in same trust instrument. If more than one qualified disposition is made by means of the same trust instrument:
(1) The making of a subsequent qualified
disposition shall be disregarded in determining whether a
creditor's claim with respect to a prior qualified disposition is
extinguished as provided in § 55-16-10; and
(2) Any distribution to a beneficiary is
deemed to have been made from the latest such qualified
disposition.
Source: SL 2005, ch 261, § 14.
Source: SL 2005, ch 261, § 14.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.