S.D. Codified Laws § 55-1-34

Current through the 2024 Legislative Session

Section 55-1-34 - Provision that beneficial interest in trust income or principal may not be transferred before payment to beneficiary permissible

A settlor may provide in the terms of the trust that a beneficiary's beneficial interest in a trust's income, principal, or in both, may not be voluntarily or involuntarily transferred before payment or delivery of the beneficial interest to the beneficiary by the trustee.

SDCL 55-1-34

SL 2007, ch 280, §11.