<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 55-1-21.6 - Discretion of trustee of purpose trust. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072521Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072521SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072521CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072521Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072521DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072521Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072521000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072521SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072521SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2072521Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.6"><span class="s2072521SENU">55-1-21.6</span></a><span xml:space="preserve" class="s2072521SENU">. </span><span class="s2072521CL">Discretion of trustee of purpose trust.</span></p><p dir="ltr" class="s2072521Normal-000000"><span class="s2072521DefaultParagraphFont">Except as otherwise provided in the governing instrument, a trustee of a purpose trust is vested with full discretion in:</span></p><p dir="ltr" class="s2072521Normal-000001"><span class="s2072521DefaultParagraphFont">(1)    Interpreting the purposes of the trust consistent with the terms of the governing instrument; and</span></p><p dir="ltr" class="s2072521Normal-000001"><span class="s2072521DefaultParagraphFont">(2)    Applying, distributing, or expending principal and income to further the trust's purposes.</span></p><p dir="ltr" class="s2072521Normal"><span xml:space="preserve" class="s2072521000002"> </span></p><p dir="ltr" class="s2072521Normal"><span class="s2072521SCL">Source:</span><span xml:space="preserve" class="s2072521SCL-000003"> SL 2018, ch 275, § 9.</span></p></div></body></html>