A hybrid purpose trust may:
(1) Contain a spendthrift provision; and
(2) Also qualify as a trust described in § 55-16-2.
S.D. Codified Laws § 55-1-22.3
Spendthrift provision in hybrid purpose trust--Qualified dispositions in trust
Source: SL 2018, ch 275, § 17.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.