55-1-1. Purposes for which trust may be created.Except as otherwise prescribed by chapters 43-4 and 43-25 relating to transfers, a trust may be created for any purpose for which a contract may lawfully be made. Source: CivC 1877, §1293; CL 1887, §3916; RCivC 1903, §1612; RC 1919, §1190; SDC 1939 §59.0104; SL 2017, ch 204, §4.
South Dakota Legal Code