There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-4-1 — Definition of terms.
55-4-1. Definition of terms. Terms used in this chapter mean:
(1) "Affiliate," any person directly or
indirectly controlling or controlled by another person, or any
person under direct or indirect common control with another person.
It includes any person with whom a trustee has an express or
implied agreement regarding the purchase of trust investments by
each from the other, directly or indirectly, except a broker or
stock exchange;
(2) "Person," an individual, a
corporation, a partnership, an association, a joint stock company,
a business trust, a trust, an unincorporated organization, or two
or more persons having a joint or common interest;
(3) "Relative," a spouse, ancestor,
descendant, brother, or sister;
(4) "Trust," an express trust
only;
(5) "Trustee," includes trustees, a
corporate as well as a natural person and a successor or substitute
trustee.
Source: SL 1943, ch 308, § 1; SDC Supp 1960, § 59.0501; SL 1998, ch 282, § 41.
Source: SL 1943, ch 308, § 1; SDC Supp 1960, § 59.0501; SL 1998, ch 282, § 41.
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