There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 55 FIDUCIARIES AND TRUSTS
Chapter 01. Classification And Creation Of Trusts
§55-1-15 Certain trusts not terminated upon trustor's death.
SD Codified L § 55-1-15 (through 2011) What's This?
55-1-15. Certain trusts not terminated upon trustor's death. A trust which provides for one or more successor beneficiaries upon the death of the trustor is not invalid, merged or terminated if:
(1) There is a trustor who is the sole trustee and the sole beneficiary during the trustor's lifetime; or
(2) There are two or more trustors, one or more of whom is trustee, and the beneficial interest of the trust is in one or more of the trustors during the lifetime of the trustors.
Source: SL 1991, ch 395, § 1.
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