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§ 55-1-34 Provision that beneficial interest in trust income or principal may not be transferred before payment to beneficiary permissible.

SD Codified L § 55-1-34 (2019) (N/A)
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55-1-34. Provision that beneficial interest in trust income or principal may not be transferred before payment to beneficiary permissible. A settlor may provide in the terms of the trust that a beneficiary's beneficial interest in a trust's income, principal, or in both, may not be voluntarily or involuntarily transferred before payment or delivery of the beneficial interest to the beneficiary by the trustee.

Source: SL 2007, ch 280, § 11.

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§ 55-1-35 Trust declaration that beneficiary's interest subject to spendthrift trust--Payment of beneficiary expenses.