A settlor may provide in the terms of the trust that a beneficiary's beneficial interest in a trust's income, principal, or in both, may not be voluntarily or involuntarily transferred before payment or delivery of the beneficial interest to the beneficiary by the trustee.
S.D. Codified Laws § 55-1-34
Provision that beneficial interest in trust income or principal may not be transferred before payment to beneficiary permissible
Source: SL 2007, ch 280, § 11.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.