There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 51A BANKS AND BANKING
Chapter 10. Bank Deposits
§51A-10-5 Tax liability on payments to survivors of deposits in name of two or more persons or in trust for another.
SD Codified L § 51A-10-5 (through 2011) What's This?
51A-10-5. Tax liability on payments to survivors of deposits in name of two or more persons or in trust for another. No bank so paying any such survivor or survivors under §§ 51A-10-3 and 51A-10-4 is liable for any estate, inheritance, or succession taxes due this state.
Source: SL 1969, ch 11, § 8.6; SL 1970, ch 265, § 44; SDCL, § 51-22-7; SL 1992, ch 88, § 13; SL 1993, ch 94, § 7.
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