The provisions of §§ 55-4-38 to 55-4-40, inclusive, do not apply to a decedent's or settlor's spouse who is the trustee of a testamentary trust or an inter vivos trust for which a marital deduction is allowable.
S.D. Codified Laws § 55-4-41
Certain trustees exempted from §§ 55-4-38 to 55-4-40, inclusive
Known as the Uniform Trusts Act
The act spans §§ 55–55 (57 sections).
Source: SL 2000, ch 229, § 7.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.