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§ 55-3-26 Petition to modify terms of trust--Circumstances--Distribution of property.

SD Codified L § 55-3-26 (2019) (N/A)
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55-3-26. Petition to modify terms of trust--Circumstances--Distribution of property. On petition by a trustee or beneficiary, the court may modify the administrative or dispositive terms of the trust or terminate the trust if, because of circumstances not anticipated by the trustor, modification or termination of the trust would substantially further the trustor's purposes in creating the trust. Upon termination of a trust under this section, the trust property shall be distributed in accordance with the trustor's probable intention.

Source: SL 1998, ch 282, § 4.

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§ 55-3-27 Termination of noncharitable trusts valued under one hundred fifty thousand dollars--Distribution of property.