South Dakota Statutes

§ 55-1-53 — Expansion, restriction, elimination, or variance of provisions of general application.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-1 CLASSIFICATION AND CREATION OF TRUSTS
The terms of a governing instrument may expand, restrict, eliminate, or otherwise vary any provisions of general application to trusts and trust administration. Nothing in this section allows the terms of the governing instrument to expand, restrict, eliminate, or otherwise vary the duties, restrictions, and liabilities imposed by the provisions of §§ 55-4-11 and 55-4-12 .

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Related

PLAINS COMMERCE BANK, INC. v. BECK
986 N.W.2d 519 (South Dakota Supreme Court, 2023)
3 case citations

Legislative History

SL 2015, ch 240, § 14; SL 2018, ch 275, § 21.

Nearby Sections

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