Exercise of power to distribute income or principal considered exercise of power of appointment.

1. Law
2. South Dakota Codified Laws
3. Fiduciaries and Trusts
4. Duties And Liabilities Of Trustees
5. Exercise of power to distribute income or principal considered exercise of power of appointment.

55-2-19. Exercise of power to distribute income or principal considered exercise of power of appointment.

The exercise of the power to distribute the income or principal of the trust under §55-2-15 shall be considered the exercise of a power of appointment (other than a power to appoint to the trustee, the trustee's creditors, the trustee's estate, or the creditors of the trustee's estate).

Source: SL 2007, ch 281, §5.

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