State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-01 > Statute-55-1-20

55-1-20. Trusts for specific charitable or noncharitable purposes selected by trustee. Subject to the provisions of §§ 55-1-21 and 55-1-22, a trust may be performed if the trust is for a specific lawful noncharitable purpose or for lawful noncharitable purposes to be selected by the trustee.

Source: SL 2006, ch 247, § 1; SL 2008, ch 257, § 1.

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-01 > Statute-55-1-20

55-1-20. Trusts for specific charitable or noncharitable purposes selected by trustee. Subject to the provisions of §§ 55-1-21 and 55-1-22, a trust may be performed if the trust is for a specific lawful noncharitable purpose or for lawful noncharitable purposes to be selected by the trustee.

Source: SL 2006, ch 247, § 1; SL 2008, ch 257, § 1.