South Dakota § 43-30B-5 Termination of trust--Distribution of trust moneys.

South Dakota Statutes

§ 43-30B-5 — Termination of trust--Distribution of trust moneys.

South Dakota § 43-30B-5

Title 43PROPERTY

Ch. 43-30BTRUST FOR UNLOCATED OR UNIDENTIFIED MINERAL INTEREST OWNERS

This text of South Dakota § 43-30B-5 (Termination of trust--Distribution of trust moneys.) 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 § 43-30B-5 (2026).

Text

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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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.