Termination of trust
Applied in 3 court decisions — leading case Matter of Sunray Holdings Trust (2013)
Most recently applied in Guardianship & Conservatorship of Novotny (November 2017)
Source: SL 1998, ch 282, § 1; SL 2016, ch 231, § 21.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
In addition to the methods specified in §§ 55-3-24 to 55-3-27, inclusive, a trust terminates if:
(1) The term of the trust expires;
(2) The trust purpose is fulfilled;
(3) The trust purpose becomes unlawful or impossible to fulfill; or
(4) The trust is revoked.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.