South Dakota § 55-3-40 Validity, construction, and administration of trust with state jurisdiction provision.

South Dakota Statutes

§ 55-3-40 — Validity, construction, and administration of trust with state jurisdiction provision.

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

The validity, construction, and administration of a trust with a state jurisdiction provision are determined by the laws of this state, including the:

(1)Capacity of the trustor;

(2)Powers, obligations, liabilities, and rights of the trustees and the appointment and removal of the trustees; and (3) Existence and extent of powers, conferred or retained, including a trustee's discretionary powers, and the validity of the exercise of a power.

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The validity, construction, and administration of a trust with a state jurisdiction provision are determined by the laws of this state, including the: (1) Capacity of the trustor; (2) Powers, obligations, liabilities, and rights of the trustees and the appointment and removal of the trustees; and (3) Existence and extent of powers, conferred or retained, including a trustee's discretionary powers, and the validity of the exercise of a power.

South Dakota § 55-3-40 (Validity, construction, and administration of trust with state jurisdiction provision.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.