55-1B-9. Investment trust advisor or distribution trust advisor provided for in trust instrument.
A trust instrument governed by the laws of South Dakota may provide for a person to act as an investment trust advisor or a distribution trust advisor, respectively, with regard to investment decisions or discretionary distributions. Unless otherwise provided or restricted by the terms of the governing instrument, any person may simultaneously serve as a trust advisor and a trust protector.
Source: SL 2005, ch 260, §5; SL 2017, ch 204, §16.