There is a newer version of the South Dakota Codified Laws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
§55-1-24.2 Withdrawal power.
SD Codified L § 55-1-24.2 (through 2011) What's This?
55-1-24.2. Withdrawal power. A withdrawal power allows a beneficiary a right to withdraw some part of the trust income or principal. The holder of a power of withdrawal is not deemed to be the settlor of the trust by failing to exercise withdrawal power or letting a withdrawal power lapse.
Source: SL 2011, ch 212, § 32.
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