Charitable Trusts

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Charitable Trusts

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Section
55-9-1

Express trusts--Creation for charitable, educational, religious, or other public use.

Section
55-9-2

Validity of trust not affected by uncertainty or violation of rule against perpetuities--Disposal of property by trustee.

Section
55-9-3

Action to enforce charitable trust--Liberal construction to carry out intent--Notice of action to attorney general.

Section
55-9-4

Incomplete or imperfect trust--Purposes impracticable or impossible of performance--Administration to accomplish general purpose--Order of court with consent of donor, if alive and competent.

Section
55-9-5

Enforcement by attorney general as representative of beneficiaries--Exception.

Section
55-9-6

Restrictions to avoid taxability of income--Definition of terms.

Section
55-9-7

Restrictions deemed incorporated in instrument creating charitable trust or foundation.

Section
55-9-8

Self-dealing by trustee prohibited.

Section
55-9-9

Distributions required to avoid taxes.

Section
55-9-10

Retention of excess business holdings prohibited.

Section
55-9-11

Investments to jeopardize exempt purposes prohibited.

Section
55-9-12

Taxable expenditures prohibited.

Section
55-9-13

Judicial determination that restrictive provisions are contrary to instrument creating trust.

Section
55-9-14

State supervisory powers unimpaired by restrictions to avoid taxability of income.