Spendthrift provision in hybrid purpose trust--Qualified dispositions in trust.

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  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Classification And Creation Of Trusts
  5. Spendthrift provision in hybrid purpose trust--Qualified dispositions in trust.

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55-1-22.3. Spendthrift provision in hybrid purpose trust--Qualified dispositions in trust.

A hybrid purpose trust may:

(1)Contain a spendthrift provision; and

(2)Also qualify as a trust described in §55-16-2.

Source: SL 2018, ch 275, §17.


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