South Dakota § 55-3-26 Petition to modify terms of trust--Circumstances--Distribution of property.

South Dakota Statutes

§ 55-3-26 — Petition to modify terms of trust--Circumstances--Distribution of property.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-3 EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

On petition by a trustee or beneficiary, the court may modify the administrative or dispositive terms of the trust or terminate the trust if, because of circumstances not anticipated by the trustor, modification or termination of the trust would substantially further the trustor's purposes in creating the trust. Upon termination of a trust under this section, the trust property shall be distributed in accordance with the trustor's probable intention.

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On petition by a trustee or beneficiary, the court may modify the administrative or dispositive terms of the trust or terminate the trust if, because of circumstances not anticipated by the trustor, modification or termination of the trust would substantially further the trustor's purposes in creating the trust. Upon termination of a trust under this section, the trust property shall be distributed in accordance with the trustor's probable intention.

South Dakota § 55-3-26 (Petition to modify terms of trust--Circumstances--Distribution of property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.