The terms of an express trust need not be for the exclusive benefit of its beneficiaries, whether or not the beneficiaries are ascertainable.
S.D. Codified Laws § 55-1-5.1
Express trust need not be for exclusive benefit of beneficiaries
Source: SL 2017, ch 204, § 7.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.