Chapter 03 - Express Trusts For Third-Party Beneficiaries
- Section 55-3-1 - Application of chapter.
- Section 55-3-2 - Creation of trust--Mutual consent of trustor and trustee.
- Section 55-3-3 - Appointing court or public officer as trustor.
- Section 55-3-4 - Declaration of trust--Declarations of trustor to trustee before acceptance.
- Section 55-3-5 - Trustee must obey declaration of trust.
- Section 55-3-6 - Revocation of trust--Consent of beneficiaries--Reservation of power in declarationof trust.
- Section 55-3-7 - Trustee's power as agent.
- Section 55-3-8 - Repealed.
- Section 55-3-9 - Repealed.
- Section 55-3-10 - Degree of care and diligence used in execution of trusts.
- Section 55-3-11 - Investment of money by trustee--Interest, simple or compound, on omission to investtrust moneys.
- Section 55-3-12 - Purchase by trustee of claims against trust property.
- Section 55-3-13 - Expenses incurred by trustee in performance of trust--Reimbursement.
- Section 55-3-14 - Compensation of trustee.
- Section 55-3-15 - Implied trustee--No rights to compensation or repayment of expenses.
- Section 55-3-16 - Vacation of office of trustee.
- Section 55-3-17 - Discharge of trustee--Grounds.
- Section 55-3-18 - Survivorship between cotrustees.
- Section 55-3-19 - Discharge of trustee before trust executed--Duty to secure appointment of successor.
- Section 55-3-20 - Removal of trustee by circuit court--Vacant trusteeship filled by court.
- Section 55-3-20.1 - Grounds for removal of trustee.
- Section 55-3-21 - Appointment of trustee by circuit court--Grounds.
- Section 55-3-22 - Repealed.
- Section 55-3-23 - Termination of trust.
- Section 55-3-24 - Modification or termination of trust--Consent required--Distribution of property--Exercise of powers of trustee by agent or conservator.
- Section 55-3-25 - Petition to court for affirmation--Non-consenting beneficiaries--Distribution ofproperty.
- Section 55-3-26 - Petition to modify terms of trust--Circumstances--Distribution of property.
- Section 55-3-27 - Termination of noncharitable trusts with value under fifty thousand dollars--Distribution of property--Effect of spendthrift provision.
- Section 55-3-28 - Terms of trust may be reformed by court.
- Section 55-3-29 - Trustee may combine or divide trusts--Rights of beneficiaries--Trust purposes--Petition to court.
- Section 55-3-29.1 - Defense of laches not available.
- Section 55-3-30 - Provisions not exclusive.
- Section 55-3-31 - Application to proceedings requiring service or consent--Service on Department ofSocial Services--"Virtual Representation Statutes".
- Section 55-3-32 - Service not required where interest limited.
- Section 55-3-33 - Service not required on trust further limited.
- Section 55-3-34 - Proceeding for probate of testamentary instrument--When interests deemed to besame.
- Section 55-3-35 - Service of person under a disability.
- Section 55-3-36 - Decree or order binding and conclusive.
- Sections 55-3-37, 55-3-38 - Information required before dispensing with service upon certain persons. Consent of beneficiaries required
- Section 55-3-39 - When state law or jurisdiction provision valid, effective, and conclusive.
- Section 55-3-40 - Validity, construction, and administration of trust with state jurisdiction provision.
- Section 55-3-41 - "Qualified person" defined.
- Section 55-3-42 - "State jurisdiction provision" defined.
- Section 55-3-43 - "South Dakota investments" defined.
- Section 55-3-44 - "Trustor" defined.
- Section 55-3-45 - Beneficiary approval of trustee's accounting--Accounting defined.
- Section 55-3-46 - Effect of the laws, rules, or orders of foreign country on trust or disposition ofproperty.