South Dakota Statutes
§ 55-1-41 — Effect of spendthrift provision.
If the trust contains a spendthrift provision, no creditor may reach present or future mandatory distributions from the trust at the trust level. Moreover, no court may order a trustee to distribute past due mandatory distributions directly to a creditor.
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South Dakota § 55-1-41 (Effect of spendthrift provision.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In re Cleopatra Cameron Gift Trust
931 N.W.2d 244 (South Dakota Supreme Court, 2019)
Matter of Cameron Trust
2019 S.D. 35 (South Dakota Supreme Court, 2019)
PLAINS COMMERCE BANK, INC. v. BECK
986 N.W.2d 519 (South Dakota Supreme Court, 2023)
Legislative History
SL 2007, ch 280, § 18; SL 2009, ch 252, § 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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