South Dakota § 55-11-11 Prearranged funeral contract pooled funds trust--Creation--Separate accounts--When consent of purchaser required.

South Dakota Statutes

§ 55-11-11 — Prearranged funeral contract pooled funds trust--Creation--Separate accounts--When consent of purchaser required.

South Dakota § 55-11-11

Title 55FIDUCIARIES AND TRUSTS

Ch. 55-10APREARRANGED FUNERAL TRUSTS

This text of South Dakota § 55-11-11 (Prearranged funeral contract pooled funds trust--Creation--Separate accounts--When consent of purchaser required.) 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 § 55-11-11 (2026).

Text

A prearranged funeral contract pooled funds trust may be created by a funeral director or a funeral establishment licensed in South Dakota, the South Dakota funeral directors association or a cemetery association organized under chapter 55-12 . However, separate accounts within the pooled funds trust shall be maintained so that a purchaser whose money has been deposited into the pooled funds trust may identify his money. No purchaser's money may be deposited into a pooled funds trust unless the purchaser signs a form consenting to the deposit of his money into a pooled funds trust. The provision regarding consent shall not apply to prearranged funeral trusts where the personal property and professional services are to be provided for a guaranteed amount of money.

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A prearranged funeral contract pooled funds trust may be created by a funeral director or a funeral establishment licensed in South Dakota, the South Dakota funeral directors association or a cemetery association organized under chapter 55-12 . However, separate accounts within the pooled funds trust shall be maintained so that a purchaser whose money has been deposited into the pooled funds trust may identify his money. No purchaser's money may be deposited into a pooled funds trust unless the purchaser signs a form consenting to the deposit of his money into a pooled funds trust. The provision regarding consent shall not apply to prearranged funeral trusts where the personal property and professional services are to be provided for a guaranteed amount of money.