Except as may be demanded by an enforcer under § 55-1-21.4, ordered by the court or required by the governing instrument, no filings, reports, periodic accounting, separate maintenance of funds, appointment, or registration of a purpose trust are required.
S.D. Codified Laws § 55-1-21.9
Filings, reports, accounting, separation of funds, appointment, and registration of purpose trust not required--Exceptions
Source: SL 2018, ch 275, § 12; SL 2020, ch 206, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.