A spendthrift provision applies to both distribution interests and remainder interests. A spendthrift provision is a material provision of a trust.
S.D. Codified Laws § 55-1-37
Application of spendthrift provision
Applied in 1 court decision — leading case PLAINS COMMERCE BANK, INC. v. BECK (2023)
Most recently applied in PLAINS COMMERCE BANK, INC. v. BECK (February 2023)
Source: SL 2007, ch 280, § 14; SL 2008, ch 257, § 5.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.