S.D. Codified Laws § 55-1-21

Current through the 2024 Legislative Session

Section 55-1-21 - Trust for care of animal, care of other property, or other lawful noncharitable purpose

The following purpose trusts are valid:

(1) A trust for the care of a designated animal or animals;

(2) A trust for the care, maintenance, promotion, continuation, conservation, upkeep, protection, furtherance, or preservation of any other property; and

(3) A trust for any other lawful noncharitable purpose or purposes.

SDCL 55-1-21

SL 2006, ch 247, §2; SL 2018, ch 275, §3.

Amended by S.L. 2018, ch. 275,s. 3, eff. 7/1/2018.