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CHAPTER 55-3

EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

55-3-1      Application of chapter.
55-3-2      Creation of trust--Mutual consent of trustor and trustee.
55-3-3      Appointing court or public officer as trustor.
55-3-4      Declaration of trust--Declarations of trustor to trustee before acceptance.
55-3-5      Trustee to follow declaration of trust--Modifications.
55-3-6      Revocation of trust--Consent of beneficiaries--Reservation of power in declaration of trust.
55-3-7      Trustee's power as agent.
55-3-8      Repealed.
55-3-9      Repealed.
55-3-10      Degree of care and diligence used in execution of trusts.
55-3-11      Investment of money by trustee--Interest, simple or compound, on omission to invest trust moneys.
55-3-12      Purchase by trustee of claims against trust property.
55-3-13      Expenses incurred by trustee in performance of trust--Reimbursement.
55-3-14      Compensation of trustee.
55-3-15      Implied trustee--No rights to compensation or repayment of expenses.
55-3-16      Vacation of office of trustee.
55-3-17      Discharge of trustee--Grounds.
55-3-18      Survivorship between cotrustees.
55-3-19      Discharge of trustee before trust executed--Duty to secure appointment of successor.
55-3-20      Removal of trustee by circuit court--Vacant trusteeship filled by court.
55-3-20.1      Grounds for removal of trustee.
55-3-21      Appointment of trustee by circuit court--Grounds.
55-3-22      Repealed.
55-3-23      Termination of trust.
55-3-24      Modification or termination of trust--Consent required--Distribution of property.
55-3-25      Petition to court for affirmation--Non-consenting beneficiaries--Distribution of property.
55-3-26      Petition to modify terms of trust--Circumstances--Distribution of property.
55-3-27      Termination of noncharitable trusts valued under one hundred fifty thousand dollars--Distribution of property.
55-3-28      Terms of trust may be reformed by court.
55-3-29      Trustee may combine or divide trusts--Rights of beneficiaries--Trust purposes--Petition to court.
55-3-29.1      Defense of laches not available.
55-3-29.2      Statute of limitations defense not available.
55-3-30      Provisions not exclusive.
55-3-31 to 55-3-38.      Repealed.
55-3-39      When state law or jurisdiction provision valid, effective, and conclusive.
55-3-40      Validity, construction, and administration of trust with state jurisdiction provision.
55-3-41      Qualified person defined.
55-3-42      State jurisdiction provision defined.
55-3-43      South Dakota investments defined.
55-3-44      Trustor defined.
55-3-45      Beneficiary approval of trustee's accounting--Accounting defined.
55-3-46      Effect of the laws, rules, or orders of foreign country on trust or disposition of property.
55-3-47      Cessation of trustee upon action of foreign court--Successor trustee.
55-3-48      South Dakota law governs administration of trust.


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