South Dakota § 55-1A-29 Payment of sum distributable to minor or other beneficiary under legal disability--Methods.

South Dakota Statutes

§ 55-1A-29 — Payment of sum distributable to minor or other beneficiary under legal disability--Methods.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-1A TRUSTEES' POWERS

A trustee may make payment of any sum distributable to a minor or other beneficiary under legal disability, without liability to himself, by paying the sum in any one or more of the following ways:

(1)Directly to the beneficiary;

(2)To the conservator of the beneficiary;

(3)Directly for the maintenance, education and general welfare of the beneficiary;

(4)To a parent of the beneficiary; or (5) To anyone who has custody and care of the person of the beneficiary.

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A trustee may make payment of any sum distributable to a minor or other beneficiary under legal disability, without liability to himself, by paying the sum in any one or more of the following ways: (1) Directly to the beneficiary; (2) To the conservator of the beneficiary; (3) Directly for the maintenance, education and general welfare of the beneficiary; (4) To a parent of the beneficiary; or (5) To anyone who has custody and care of the person of the beneficiary.

South Dakota § 55-1A-29 (Payment of sum distributable to minor or other beneficiary under legal disability--Methods.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.