South Dakota Statutes
§ 10-43-91 — Tax on trustee of extended term trust.
South Dakota § 10-43-91
This text of South Dakota § 10-43-91 (Tax on trustee of extended term trust.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 10-43-91 (2026).
Text
Any corporation, limited liability company, partnership, or other business entity which serves as a trustee or co - trustee for an extended term trust, which trust has a situs for state income tax purposes in the State of South Dakota, is subject to the South Dakota income tax on banks and financial corporations as set forth in chapter 10-43 and if the trustee has not been authorized to accept deposits by the South Dakota director of banking, the comptroller of the currency, the Office of Thrift Supervision, or the Federal Deposit Insurance Corporation, the trustee is deemed to be a financial institution as described in § 10-43-88 and is subject to the minimum tax set forth in § 10-43-90 .
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Legislative History
SL 1997, ch 272, § 4.
Nearby Sections
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Bluebook (online)
South Dakota § 10-43-91, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-43-91.