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S.D. Codified Laws § 55-1-22.4

Application of §§ 55-1-21 to 55-1-21.9 to hybrid purpose trust--Exceptions

Source: SL 2018, ch 275, § 18.

The provisions of §§ 55-1-21 to 55-1-21.9, inclusive, apply to a hybrid purpose trust except that:

(1) Under § 55-1-21.1">55-1-21.1, except as otherwise provided in the governing instrument, a trust as described in subdivision 55-1-21(1) terminates when no living animal is covered by the trust unless the trust may continue for the benefit of the beneficiaries; and

(2) Under § 55-1-21.2">55-1-21.2, a court has no power to reduce the amount of trust property intended for or allocated to any beneficiaries or any charitable purposes.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.