Express trusts of real or personal property, or both, may be created to receive by grant, devise, gift, or bequest, and to take charge of, invest and administer in accordance with the terms of the trust, upon and for any charitable, benevolent, educational, religious or other public use or trust.
S.D. Codified Laws § 55-9-1
Express trusts--Creation for charitable, educational, religious, or other public use
Source: SL 1955, ch 429, § 1; SDC Supp 1960, § 59.0601.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.