State Codes and Statutes

Statutes > South-dakota > Title-21 > Chapter-22 > Statute-21-22-1

21-22-1. Definition of terms. Terms used in this chapter mean:
(1) "Beneficiary," any person in any manner interested in the trust, including a creditor or claimant with any rights or claimed rights against the trust estate;
(2) "Court trust," any trust which is established or confirmed by the judgment, decree, or order of any court of record of this state or any foreign jurisdiction, or one which is established or confirmed by a personal representative's instrument of distribution or a personal representative's deed of distribution;
(3) "Other trust," any trust which is not a court trust;
(4) "Supervision," the supervision of the circuit court over the administration of a trust as provided in this chapter;
(5) "Trustee," the trustee or trustees of any trust which may be supervised under this chapter.

Source: Supreme Court Rule 237, 1939; SDC 1939 & Supp 1960, § 33.2601; SL 2010, ch 232, § 24.