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§ 55-1A-29 Payment of sum distributable to minor or other beneficiary under legal disability--Methods.

SD Codified L § 55-1A-29 (2019) (N/A)
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55-1A-29. Payment of sum distributable to minor or other beneficiary under legal disability--Methods. A trustee may make payment of any sum distributable to a minor or other beneficiary under legal disability, without liability to himself, by paying the sum in any one or more of the following ways:

(1) Directly to the beneficiary;

(2) To the conservator of the beneficiary;

(3) Directly for the maintenance, education and general welfare of the beneficiary;

(4) To a parent of the beneficiary; or

(5) To anyone who has custody and care of the person of the beneficiary.Source: SL 1979, ch 336, § 29; SL 1993, ch 213, § 253.

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