Any person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to § 55-10A-9.
S.D. Codified Laws § 55-10A-4
Transfer by gift or exercise of power of appointment
Known as the South Dakota Uniform Transfers to Minors Act
The act spans §§ 55–55 (26 sections).
Source: SL 1986, ch 409, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.