2006 South Dakota Code - 55-3-38 — Consent of beneficiaries required.

     55-3-38.   Consent of beneficiaries required. Unless the instrument expressly provides otherwise, if the consent of all beneficiaries of a trust or estate is required for the approval of any action, modification, or termination of such trust or estate, the consent of all beneficiaries upon whom service of process would be required in a judicial proceeding for approval of such action, modification, or termination shall be binding and conclusive upon all persons upon whom service would not be required under §§ 55-3-31 to 55-3-37, inclusive, and this section to the same extent as the approval of the action, modification, or termination binds the persons who were served or would have been served for the judicial approval of such action, modification, or termination.

Source: SL 1998, ch 282, § 19.