Express trust need not be for exclusive benefit of beneficiaries.

  1. Law
  2. South Dakota Codified Laws
  3. Fiduciaries and Trusts
  4. Classification And Creation Of Trusts
  5. Express trust need not be for exclusive benefit of beneficiaries.

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55-1-5.1. Express trust need not be for exclusive benefit of beneficiaries.

The terms of an express trust need not be for the exclusive benefit of its beneficiaries, whether or not the beneficiaries are ascertainable.

Source: SL 2017, ch 204, §7.


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