Conversion to a total return unitrust under the provisions of this chapter does not affect any other provisions of the governing instrument, if any, regarding distributions of principal or the standards for distributions of income.
S.D. Codified Laws § 55-15-10
Distributions of principal and standards for income distributions not affected by conversion
Source: SL 2002, ch 225, § 10; SL 2023, ch 161, § 15.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.