Purposes for which trust may be created.

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Classification And Creation Of Trusts
  5. Purposes for which trust may be created.

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55-1-1. Purposes for which trust may be created.

Except as otherwise prescribed by chapters 43-4 and 43-25 relating to transfers, a trust may be created for any purpose for which a contract may lawfully be made.

Source: CivC 1877, §1293; CL 1887, §3916; RCivC 1903, §1612; RC 1919, §1190; SDC 1939 §59.0104; SL 2017, ch 204, §4.


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