Express Trusts For Third Party Beneficiaries

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Express Trusts For Third Party Beneficiaries

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Section
55-3-1

Application of chapter.

Section
55-3-2

Creation of trust--Mutual consent of trustor and trustee.

Section
55-3-3

Appointing court or public officer as trustor.

Section
55-3-4

Declaration of trust--Declarations of trustor to trustee before acceptance.

Section
55-3-5

Trustee to follow declaration of trust--Modifications.

Section
55-3-6

Trust irrevocable in absence of express contrary provisions.

Section
55-3-7

Trustee's power as agent.

Section
55-3-8

55-3-8.Repealed by SL 1993, ch 355, §3

Section
55-3-9

55-3-9.Repealed by SL 2007, ch 280, §25.

Section
55-3-10

Degree of care and diligence used in execution of trusts.

Section
55-3-11

Investment of money by trustee--Interest, simple or compound, on omission to invest trust moneys.

Section
55-3-12

Purchase by trustee of claims against trust property.

Section
55-3-13

Expenses incurred by trustee in performance of trust--Reimbursement.

Section
55-3-14

Compensation of trustee.

Section
55-3-15

Implied trustee--No rights to compensation or repayment of expenses.

Section
55-3-16

Vacation of office of trustee.

Section
55-3-17

Discharge of trustee--Grounds.

Section
55-3-17.1

Resignation of fiduciary.

Section
55-3-18

Survivorship between cotrustees.

Section
55-3-19

Discharge of trustee before trust executed--Duty to secure appointment of successor.

Section
55-3-20

Removal of trustee by circuit court--Vacant trusteeship filled by court.

Section
55-3-20.1

Grounds for removal of trustee.

Section
55-3-21

Appointment of trustee by circuit court--Grounds.

Section
55-3-22

55-3-22.Repealed by SL 1998, ch 282, §10

Section
55-3-23

Termination of trust.

Section
55-3-24

Modification or termination of trust--Notice to fiduciaries--Distribution of property.

Section
55-3-25

Petition to court for affirmation--Non-consenting beneficiaries--Distribution of property.

Section
55-3-26

Petition to modify terms of trust--Circumstances--Distribution of property.

Section
55-3-27

Termination of noncharitable trusts valued under one hundred fifty thousand dollars--Distribution of property.

Section
55-3-28

Terms of trust may be reformed by court.

Section
55-3-29

Trustee may combine or divide trusts--Rights of beneficiaries--Trust purposes--Petition to court.

Section
55-3-29.1

Defense of laches not available.

Section
55-3-29.2

Statute of limitations defense not available.

Section
55-3-30

Provisions not exclusive.

Section
55-3-31

55-3-31 to 55-3-38.Repealed by SL 2017, ch 208, §36.

Section
55-3-39

When state law or jurisdiction provision valid, effective, and conclusive.

Section
55-3-40

Validity, construction, and administration of trust with state jurisdiction provision.

Section
55-3-41

Qualified person defined.

Section
55-3-42

State jurisdiction provision defined.

Section
55-3-43

South Dakota investments defined.

Section
55-3-44

Trustor defined.

Section
55-3-45

Beneficiary approval of trustee's accounting--Alternative approval of trustee's accounting--Accounting defined.

Section
55-3-46

Effect of the laws, rules, or orders of foreign country on trust or disposition of property.

Section
55-3-46.1

Effect of laws, rules, or orders of other states on a trust or disposition of property.

Section
55-3-47

Cessation of trustee upon action of foreign court--Successor trustee.

Section
55-3-48

South Dakota law governs administration of trust.

Section
55-3-49

Enforcement of foreign judgments.