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Section 55-1-22 - Hybrid purpose trusts valid — South Dakota Law | CourtGPT
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South Dakota Legal Code

Section 55-1-22 - Hybrid purpose trusts valid

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55-1-22. Hybrid purpose trusts valid.A hybrid purpose trust which meets the description of a purpose trust in §§55-1-20 to 55-1-21.10, inclusive, also includes one or more beneficiaries is valid and may be performed. Source: SL 2006, ch 247, §3; SL 2018, ch 275, §14.