State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-01 > Statute-55-1-35

55-1-35. Declaration that beneficiary's interest subject to a spendthrift trust sufficient to restrain alienation by beneficiary. A declaration in a trust that the interest of a beneficiary shall be held subject to a spendthrift trust is sufficient to restrain voluntary or involuntary alienation of a beneficial interest by a beneficiary to the maximum extent provided by law.

Source: SL 2007, ch 280, § 12.

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-01 > Statute-55-1-35

55-1-35. Declaration that beneficiary's interest subject to a spendthrift trust sufficient to restrain alienation by beneficiary. A declaration in a trust that the interest of a beneficiary shall be held subject to a spendthrift trust is sufficient to restrain voluntary or involuntary alienation of a beneficial interest by a beneficiary to the maximum extent provided by law.

Source: SL 2007, ch 280, § 12.