South Dakota Statutes
§ 43-11-12 — Special power in trust defined.
A special power is in trust:
(1)When the disposition or charge which it authorizes is limited to be made to any person or class of persons other than the holder of the power; or (2) When any person or class of persons, other than the holder, is designated as entitled to any benefit from the disposition or charge authorized by the power.
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South Dakota § 43-11-12 (Special power in trust defined.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
CivC 1877, § 306; CL 1887, § 2822; RCivC 1903, § 329; RC 1919, § 398; SDC 1939, § 59.0411.
Nearby Sections
15
§ 43-1-1
Property defined.§ 43-1-2
Classes of property.§ 43-1-4
Land as solid material of earth.§ 43-1-6
Law governing real property.§ 43-1-7
Law governing personal property.§ 43-10-13
Repealed§ 43-11-10
Power in trust defined.§ 43-11-11
General power in trust defined.§ 43-11-12
Special power in trust defined.§ 43-11-13
Capacity to create power.§ 43-11-14
Manner of creating power.§ 43-11-15
Vesting of power.