Statutes, codes, and regulations
South Dakota Codified Laws
Title 55 - FIDUCIARIES AND TRUSTS
Chapter 2 - DUTIES AND LIABILITIES OF TRUSTEES
Section 55-2-19 - Exercise of power to distribute income or principal considered exercise of power of appointment

S.D. Codified Laws § 55-2-19

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Current through the 2024 Legislative Session
Section 55-2-19 - Exercise of power to distribute income or principal considered exercise of power of appointment

The exercise of the power to distribute the income or principal of the trust under § 55-2-15 shall be considered the exercise of a power of appointment (other than a power to appoint to the trustee, the trustee's creditors, the trustee's estate, or the creditors of the trustee's estate).

SDCL 55-2-19

SL 2007, ch 281, §5.