There is a newer version of the South Dakota Codified Laws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
§55-1-34 Provision that beneficial interest in trust income or principal may not be transferred before payment to beneficiary permissible.
SD Codified L § 55-1-34 (through 2011) What's This?
55-1-34. Provision that beneficial interest in trust income or principal may not be transferred before payment to beneficiary permissible. A settlor may provide in the terms of the trust that a beneficiary's beneficial interest in a trust's income, principal, or in both, may not be voluntarily or involuntarily transferred before payment or delivery of the beneficial interest to the beneficiary by the trustee.
Source: SL 2007, ch 280, § 11.
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