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2017 South Dakota Codified Laws
Title 43 - PROPERTY
Chapter 30B - Trust For Unlocated Or Unidentified Mineral Interest Owners
§ 43-30B-5 Termination of trust--Distribution of trust moneys.
Universal Citation: SD Codified L § 43-30B-5 (2017)
43-30B-5. Termination of trust--Distribution of trust moneys. A trust in favor of an unlocatable or unidentifiable mineral owner shall remain in force until an order of the court is entered, after such notice as may be required by the court, finding that an owner has appeared and been identified. The court shall fix the date upon which the owner is deemed to have owned the interest. The court shall determine the division of the remaining funds of the trust, provide for the payment of fees and expenses to dissolve and distribute the trust, and determine any other matters raised by the petitioner, owner, or trustee.
Source: SL 2013, ch 223, § 5; SL 2017, ch 189, § 5.
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