S.D. Codified Laws § 55-1-22.5

Discretion of trustee of hybrid purpose trust

Last amended: 2018Year: 2025Length: 45 wordsOfficial source
Except as otherwise provided in the governing instrument, a trustee of a hybrid purpose trust is vested with full discretion in administering the trust and considering the best interests of the beneficiaries and the purposes of the trust. Source: SL 2018, ch 275, § 19.
S.D. Codified Laws § 55-1-22.5: Discretion of trustee of hybrid purpose trust | Justis AI