2006 South Dakota Code - 55-16-5 — Limitation on service of fiduciary.

     55-16-5.   Limitation on service of fiduciary. Any individual may serve as a fiduciary described in subdivision 55-1B-1(4), notwithstanding that such individual is the transferor of the qualified disposition, but such an individual may not otherwise serve as a fiduciary of a trust that is a qualified disposition except with respect to the retention of the veto right permitted by subdivision 55-16-2(2).

Source: SL 2005, ch 261, § 5; SL 2006, ch 243, § 6.