South Dakota Statutes
§ 43-30B-5 — Termination of trust--Distribution of trust moneys.
South Dakota·Title 43 PROPERTY·Ch. 43-30B TRUST FOR UNLOCATED OR UNIDENTIFIED MINERAL INTEREST OWNERS
A trust in favor of an unlocatable or unidentifiable mineral owner shall remain in force until an order of the court is entered, after such notice as may be required by the court, finding that an owner has appeared and been identified. The court shall fix the date upon which the owner is deemed to have owned the interest. The court shall determine the division of the remaining funds of the trust, provide for the payment of fees and expenses to dissolve and distribute the trust, and determine any other matters raised by the petitioner, owner, or trustee.
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South Dakota § 43-30B-5 (Termination of trust--Distribution of trust moneys.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2013, ch 223, § 5; SL 2017, ch 189, § 5.
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Repealed§ 43-11-10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.