State Codes and Statutes

Statutes > South-dakota > Title-55 > Chapter-11 > Statute-55-11-1

55-11-1. Prearranged funeral contract--Portion of money paid under contract held in trust. Before a person's death, he or someone on his behalf may contract with another person for the purchase or rental of personal property or professional services for the final disposition of his body. At least eighty-five percent of all money paid under the contract shall be held in a revocable or an irrevocable trust, at the purchaser's option. The money shall be held in trust until the obligation of the contract is fulfilled according to its terms or, if a revocable trust, the money is refunded to the person who made the payments.

Source: SL 1953, ch 496, § 1; SDC Supp 1960, § 27.1409; SL 1967, ch 104, § 1; SL 1975, ch 302, § 1; SL 1981, ch 355, § 1; SL 1986, ch 408, § 1.