S.D. Codified Laws § 55-16-7

Disposition to more than one trustee--Qualified disposition even if all trustees are not qualified persons

Last amended: 2005Year: 2025Length: 46 wordsOfficial source
In the case of a disposition to more than one trustee, a disposition that is otherwise a qualified disposition may not be treated as other than a qualified disposition solely because not all of the trustees are qualified persons. Source: SL 2005, ch 261, § 7.
S.D. Codified Laws § 55-16-7: Disposition to more than one trustee--Qualified disposition even if all trustees are not qualified persons | Justis AI