South Dakota § 55-16-14 Multiple qualified dispositions in same trust instrument.

South Dakota Statutes

§ 55-16-14 — Multiple qualified dispositions in same trust instrument.

South Dakota § 55-16-14

Title 55FIDUCIARIES AND TRUSTS

Ch. 55-14AQUALIFIED DISPOSITIONS IN TRUST

This text of South Dakota § 55-16-14 (Multiple qualified dispositions in same trust instrument.) 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 § 55-16-14 (2026).

Text

If more than one qualified disposition is made by means of the same trust instrument:

(1)The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in § 55-16-10 ; and (2) Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition.

Free access — add to your briefcase to read the full text and ask questions with AI

If more than one qualified disposition is made by means of the same trust instrument: (1) The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in § 55-16-10 ; and (2) Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition.