South Dakota Statutes

§ 55-16-6 — Successor qualified person.

South Dakota § 55-16-6
JurisdictionSouth Dakota
Title 55FIDUCIARIES AND TRUSTS
Ch. 55-14AQUALIFIED DISPOSITIONS IN TRUST

This text of South Dakota § 55-16-6 (Successor qualified person.) 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 § 55-16-6 (2026).

Text

If a qualified person of a trust ceases to meet the requirements of § 55-16-3 , and there remains no trustee that meets such requirements, such qualified person shall be deemed to have resigned as of the time of such cessation, and thereupon the successor qualified person provided for in the trust instrument shall become a qualified person of the trust, or in the absence of any successor qualified person provided for in the trust instrument, the circuit court shall, upon application of any interested party, appoint a successor qualified person.

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Legislative History

SL 2005, ch 261, § 6.

Nearby Sections

15
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Bluebook (online)
South Dakota § 55-16-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/55-16-6.