South Dakota Statutes
§ 55-1-22.1 — Separate shares for beneficiaries and purposes to be maintained in hybrid purpose trust.
South Dakota § 55-1-22.1
This text of South Dakota § 55-1-22.1 (Separate shares for beneficiaries and purposes to be maintained in hybrid 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 § 55-1-22.1 (2026).
Text
In a hybrid purpose trust when the interests of the beneficiaries and purposes are concurrent, the trustee shall maintain not less than two separate shares, one for the beneficiaries; and a second for the purposes, and the trustee may be liable to the beneficiaries for the actual damages caused thereby, if any, for failing to do so.
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Legislative History
SL 2018, ch 275, § 15.
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 § 55-1-22.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-1-22.1.