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§ 55-1-21.10 Trustee may not use principal and income other than for trust's purposes .

SD Codified L § 55-1-21.10 (2019) (N/A)
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55-1-21.10. Trustee may not use principal and income other than for trust's purposes. Except as expressly provided otherwise in the trust instrument, no portion of the principal or income may be converted to the use of the trustee or to any use other than for the trust's purposes or the benefit of a covered animal.

Source: SL 2018, ch 275, § 13.

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§ 55-1-21.9 Filings, reports, accounting, separation of funds, appointment, and registration of purpose trust not required.
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