Except as otherwise prescribed by chapters 43-4 and 43-25 relating to transfers, a trust may be created for any purpose for which a contract may lawfully be made.
S.D. Codified Laws § 55-1-1
Purposes for which trust may be created
Applied in 1 court decision — leading case Willers v. Wettestad (1994)
Most recently applied in Willers v. Wettestad (January 1994)
Source: CivC 1877, § 1293; CL 1887, § 3916; RCivC 1903, § 1612; RC 1919, § 1190; SDC 1939 § 59.0104; SL 2017, ch 204, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.