Annual verified report of trustee--Optional calendar year basis
Applied in 1 court decision — leading case In Re the Trust Fund Created Under the Terms of the Last Will & Testament of Baumgart (2015)
Most recently applied in In Re the Trust Fund Created Under the Terms of the Last Will & Testament of Baumgart (July 2015)
Source: Supreme Court Rule, Part 3, Rule 3, adopted September, 1923; Supreme Court Rule 242, 1939; SDC 1939 & Supp 1960, § 33.2606; SL 2006, ch 243, § 12.
Within one hundred twenty days after the expiration of each year from the commencement of court supervision over a trust, the trustee shall file a verified report showing in detail its receipts, disbursements, and acts during the year.
The trustee may at its election make its annual report during the first four months of any year covering its administration during the preceding year ending December thirty-first.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.