South Dakota Statutes

§ 10-43-92 — Extended term trust defined.

South Dakota·Title 10 TAXATION·Ch. 10-43 INCOME TAX ON BANKS AND FINANCIAL CORPORATIONS
As used in § 10-43-91 , the term, extended term trust, means any trust which has no limitation on duration which would require the trust to cease and terminate on a date not later than twenty-one years beyond any life in being. Extended term trusts may not include any trust subject to the Employee Retirement Income Security Act of 1974, as amended and in effect on January 1, 2016.

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 10-43-92 (Extended term trust defined.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1997, ch 272, § 3; SL 2016, ch 62, § 31.

Nearby Sections

15
View on official source ↗