South Dakota Statutes
§ 55-1-21.6 — Discretion of trustee of purpose trust.
South Dakota § 55-1-21.6
This text of South Dakota § 55-1-21.6 (Discretion of trustee of purpose trust.) 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 § 55-1-21.6 (2026).
Text
Except as otherwise provided in the governing instrument, a trustee of a purpose trust is vested with full discretion in:
(1)Interpreting the purposes of the trust consistent with the terms of the governing instrument; and (2) Applying, distributing, or expending principal and income to further the trust's purposes.
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Legislative History
SL 2018, ch 275, § 9.
Nearby Sections
15
§ 55-1-2
Trusts classified.§ 55-1-20
Trusts for noncharitable purposes.§ 55-1-21.1
Termination of trust for care of animal.§ 55-1-21.11
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Bluebook (online)
South Dakota § 55-1-21.6, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-1-21.6.