There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 55 FIDUCIARIES AND TRUSTS
Chapter 15. Total Return Unitrusts
§55-15-5 Annual valuation of trust required.
SD Codified L § 55-15-5 (through 2011) What's This?
55-15-5. Annual valuation of trust required. The fair market value of the trust shall be determined at least annually, using such valuation date or dates or averages of valuation dates as are deemed appropriate. Assets for which a fair market value cannot be readily ascertained shall be valued using such valuation methods as are deemed reasonable and appropriate. Such assets may be excluded from valuation, if all income received with respect to such assets is distributed to the extent distributable in accordance with the terms of the governing instrument.
Source: SL 2002, ch 225, § 5.
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