South Dakota Statutes
§ 43-11-56 — Discretionary power of trustee as to distribution of estate or fund.
Where the terms of a power import that the estate or fund is to be distributed among several persons designated in such manner or proportions as the trustee of the power may think proper, the trustee may allot the whole to any one or more of such persons in exclusion of the others.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 43-11-56 (Discretionary power of trustee as to distribution of estate or fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
CivC 1877, § 353; CL 1887, § 2869; RCivC 1903, § 376; RC 1919, § 443; SDC 1939, § 59.0456.
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Repealed§ 43-11-10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.