Total Return Unitrusts

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Total Return Unitrusts

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Section
55-15-1

Definitions.

Section
55-15-2

Trustee's authority to convert income trust, total return unitrust--Calculate trust amount, value--Conditions.

Section
55-15-3

Interested trustee's authority over actions enumerated in § 55-15-2--Conditions.

Section
55-15-4

Trustee may petition court--Appointment of disinterested person.

Section
55-15-5

Annual valuation of trust required.

Section
55-15-6

Calculation of unitrust amount.

Section
55-15-7

Repealed.

Section
55-15-8

Unitrust amount as net income of trust--Allocation of capital gains to trust income.

Section
55-15-9

Administration of total return unitrust--Authority of trustee.

Section
55-15-10

Distributions of principal not affected by conversion.

Section
55-15-11

Spouse may compel reconversion to income trust for certain trusts--Written instrument required.

Section
55-15-12

Applicability of chapter.

Section
55-15-13

Trustee acting in good faith not liable--Remedy.

Section
55-15-14

No duty to act created.

Section
55-15-15

Chapter not applicable to charitable remainder unitrust.