Public-domain · open source
OpenJurist

S.D. Codified Laws § 55-16-14

Multiple qualified dispositions in same trust instrument

Source: SL 2005, ch 261, § 14.

If more than one qualified disposition is made by means of the same trust instrument:

(1) The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in § 55-16-10; and

(2) Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.