S.D. Codified Laws § 55-1B-9

Current through the 2024 Legislative Session
Section 55-1B-9 - Investment trust advisor or distribution trust advisor provided for in trust instrument

A trust instrument governed by the laws of South Dakota may provide for a person to act as an investment trust advisor or a distribution trust advisor, respectively, with regard to investment decisions or discretionary distributions. Unless otherwise provided or restricted by the terms of the governing instrument, any person may simultaneously serve as a trust advisor and a trust protector.

SDCL 55-1B-9

SL 2005, ch 260, §5; SL 2017, ch 204, §16.
Amended by S.L. 2017, ch. 204,s. 16, eff. 7/1/2017.