Chapter

EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

S.D. Codified Laws § 55-3-1— Application of chapter
S.D. Codified Laws § 55-3-2— Creation of trust--Mutual consent of trustor and trustee
S.D. Codified Laws § 55-3-3— Appointing court or public officer as trustor
S.D. Codified Laws § 55-3-4— Declaration of trust--Declarations of trustor to trustee before acceptance
S.D. Codified Laws § 55-3-5— Trustee to follow declaration of trust--Modifications
S.D. Codified Laws § 55-3-6— Trust irrevocable in absence of express contrary provisions
S.D. Codified Laws § 55-3-7— Trustee's power as agent
S.D. Codified Laws § 55-3-8— 55-3-8. Repealed by SL 1993, ch 355, § 3
S.D. Codified Laws § 55-3-9— 55-3-9. Repealed by SL 2007, ch 280, § 25
S.D. Codified Laws § 55-3-10— Degree of care and diligence used in execution of trusts
S.D. Codified Laws § 55-3-11— Investment of money by trustee--Interest, simple or compound, on omission to invest trust moneys
S.D. Codified Laws § 55-3-12— Purchase by trustee of claims against trust property
S.D. Codified Laws § 55-3-13— Expenses incurred by trustee in performance of trust--Reimbursement
S.D. Codified Laws § 55-3-14— Compensation of trustee
S.D. Codified Laws § 55-3-15— Implied trustee--No rights to compensation or repayment of expenses
S.D. Codified Laws § 55-3-16— Vacation of office of trustee
S.D. Codified Laws § 55-3-17— Discharge of trustee--Grounds
S.D. Codified Laws § 55-3-17.1— Resignation of fiduciary
S.D. Codified Laws § 55-3-18— Survivorship between cotrustees
S.D. Codified Laws § 55-3-19— Discharge of trustee before trust executed--Duty to secure appointment of successor
S.D. Codified Laws § 55-3-20— Removal of trustee by circuit court--Vacant trusteeship filled by court
S.D. Codified Laws § 55-3-21— Appointment of trustee by circuit court--Grounds
S.D. Codified Laws § 55-3-22— 55-3-22. Repealed by SL 1998, ch 282, § 10
S.D. Codified Laws § 55-3-23— Termination of trust
S.D. Codified Laws § 55-3-24— Modification or termination of trust--Notice to fiduciaries--Distribution of property
S.D. Codified Laws § 55-3-25— Petition to court for affirmation--Non-consenting beneficiaries--Distribution of property
S.D. Codified Laws § 55-3-26— Petition to modify terms of trust--Circumstances--Distribution of property
S.D. Codified Laws § 55-3-27— Termination of noncharitable trusts valued under one hundred fifty thousand dollars--Distribution of property
S.D. Codified Laws § 55-3-28— Terms of trust may be reformed by court
S.D. Codified Laws § 55-3-29— Trustee may combine or divide trusts--Rights of beneficiaries--Trust purposes--Petition to court
S.D. Codified Laws § 55-3-29.1— Defense of laches not available
S.D. Codified Laws § 55-3-29.2— Statute of limitations defense not available
S.D. Codified Laws § 55-3-30— Provisions not exclusive
S.D. Codified Laws § 55-3-31— 55-3-31 to 55-3-38. Repealed by SL 2017, ch 208, § 36
S.D. Codified Laws § 55-3-39— When state law or jurisdiction provision valid, effective, and conclusive
S.D. Codified Laws § 55-3-40— Validity, construction, and administration of trust with state jurisdiction provision
S.D. Codified Laws § 55-3-41— Qualified person defined
S.D. Codified Laws § 55-3-42— State jurisdiction provision defined
S.D. Codified Laws § 55-3-43— South Dakota investments defined
S.D. Codified Laws § 55-3-44— Trustor defined
S.D. Codified Laws § 55-3-45— Beneficiary approval of trustee's accounting--Alternative approval of trustee's accounting--Accounting defined
S.D. Codified Laws § 55-3-46— Effect of the laws, rules, or orders of foreign country on trust or disposition of property
S.D. Codified Laws § 55-3-46.1— Effect of laws, rules, or orders of other states on a trust or disposition of property
S.D. Codified Laws § 55-3-47— Cessation of trustee upon action of foreign court--Successor trustee
S.D. Codified Laws § 55-3-48— South Dakota law governs administration of trust
S.D. Codified Laws § 55-3-49— Enforcement of foreign judgments
S.D. Codified Laws § 55-3-50— Advancements