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§ 55-1-21.2 Judicial reduction of property transferred to trustee if trust corpus exceeds amount required for intended purposes.

SD Codified L § 55-1-21.2 (2019) (N/A)
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55-1-21.2. Judicial reduction of property transferred to trustee if trust corpus exceeds amount required for intended purposes. A court may reasonably reduce the amount of the property transferred to the trustee of a purpose trust if the court determines that the trust corpus substantially exceeds the amount required for the intended purposes. The court should consider allowing the trust to be administered for a reasonable period of time before undertaking a determination. The amount of the reduction, if any, passes as unexpended trust property, as set forth in § 55-1-21.8.

Source: SL 2018, ch 275, § 5.

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§ 55-1-21.1 Termination of trust for care of animal.
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§ 55-1-21.3 Court order where fulfillment of purposes are impossible, inexpedient, or unlawful.