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§ 55-3-40 Validity, construction, and administration of trust with state jurisdiction provision.

SD Codified L § 55-3-40 (2019) (N/A)
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55-3-40. Validity, construction, and administration of trust with state jurisdiction provision. The validity, construction, and administration of a trust with a state jurisdiction provision are determined by the laws of this state, including the:

(1) Capacity of the trustor;

(2) Powers, obligations, liabilities, and rights of the trustees and the appointment and removal of the trustees; and

(3) Existence and extent of powers, conferred or retained, including a trustee's discretionary powers, and the validity of the exercise of a power.Source: SL 1998, ch 282, § 21.

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