If any part of the principal consists of land from which merchantable timber may be removed, the receipts from taking the timber from the land shall be allocated in accordance with § 55-13-2(a)(3).
S.D. Codified Laws § 55-13-10
Timber
Known as the Revised Uniform Principal and Income Act
The act spans §§ 55–55 (18 sections).
Source: SL 1984, ch 323, § 10.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.