State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-03 > Statute-55-3-23

55-3-23. Termination of trust. In addition to the methods specified in §§ 55-3-24 to 55-3-27, inclusive, a trust terminates if:
(1) The term of the trust expires;
(2) The trust purpose if fulfilled;
(3) The trust purpose becomes unlawful or impossible to fulfill; or
(4) The trust is revoked.

Source: SL 1998, ch 282, § 1.

State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-03 > Statute-55-3-23

55-3-23. Termination of trust. In addition to the methods specified in §§ 55-3-24 to 55-3-27, inclusive, a trust terminates if:
(1) The term of the trust expires;
(2) The trust purpose if fulfilled;
(3) The trust purpose becomes unlawful or impossible to fulfill; or
(4) The trust is revoked.

Source: SL 1998, ch 282, § 1.