S.D. Codified Laws § 55-1A-28

Creation of reserves

Last amended: 1979Year: 2025Length: 29 wordsOfficial source
A trustee may create reserves out of income for depreciation, obsolescence, or amortization, or for the depletion of mineral or timber properties. Source: SL 1979, ch 336, § 28.
S.D. Codified Laws § 55-1A-28: Creation of reserves | Justis AI