For the purposes of §§ 55-3-39 and 55-3-40, the term, state jurisdiction provision, means a provision within the trust instrument that the laws of this state govern the validity, construction, or administration of a trust or that the trust is subject to the jurisdiction of this state.
S.D. Codified Laws § 55-3-42
State jurisdiction provision defined
Applied in 1 court decision — leading case Peterson v. Feldmann (2010)
Most recently applied in Peterson v. Feldmann (June 2010)
Source: SL 1998, ch 282, § 23; SL 2013, ch 239, § 22.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.