<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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072515Normal { 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.s2072515SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072515CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072515Normal-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.s2072515DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072515Normal-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.s2072515000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072515SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072515SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2072515Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21"><span class="s2072515SENU">55-1-21</span></a><span xml:space="preserve" class="s2072515SENU">. </span><span class="s2072515CL">Trust for care of animal, care of other property, or other lawful noncharitable purpose.</span></p><p dir="ltr" class="s2072515Normal-000000"><span class="s2072515DefaultParagraphFont">The following purpose trusts are valid:</span></p><p dir="ltr" class="s2072515Normal-000001"><span class="s2072515DefaultParagraphFont">(1)    A trust for the care of a designated animal or animals;</span></p><p dir="ltr" class="s2072515Normal-000001"><span class="s2072515DefaultParagraphFont">(2)    A trust for the care, maintenance, promotion, continuation, conservation, upkeep, protection, furtherance, or preservation of any other property; and</span></p><p dir="ltr" class="s2072515Normal-000001"><span class="s2072515DefaultParagraphFont">(3)    A trust for any other lawful noncharitable purpose or purposes.</span></p><p dir="ltr" class="s2072515Normal"><span xml:space="preserve" class="s2072515000002"> </span></p><p dir="ltr" class="s2072515Normal"><span class="s2072515SCL">Source:</span><span xml:space="preserve" class="s2072515SCL-000003"> SL 2006, ch 247, § 2; SL 2018, ch 275, § 3.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072516Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072516SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072516CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072516Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072516DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072516000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072516SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072516SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2072516Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.1"><span class="s2072516SENU">55-1-21.1</span></a><span xml:space="preserve" class="s2072516SENU">. </span><span class="s2072516CL">Termination of trust for care of animal.</span></p><p dir="ltr" class="s2072516Normal-000000"><span class="s2072516DefaultParagraphFont">Except as otherwise provided in the governing instrument, a trust described in subdivision 55-1-21(1) terminates when no living animal is covered by the trust.</span></p><p dir="ltr" class="s2072516Normal"><span xml:space="preserve" class="s2072516000001"> </span></p><p dir="ltr" class="s2072516Normal"><span class="s2072516SCL">Source:</span><span xml:space="preserve" class="s2072516SCL-000002"> SL 2018, ch 275, § 4.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072517Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072517SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072517CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072517Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072517DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072517000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072517SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072517SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2072517Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.2"><span class="s2072517SENU">55-1-21.2</span></a><span xml:space="preserve" class="s2072517SENU">. </span><span class="s2072517CL">Judicial reduction of property transferred to trustee if trust corpus exceeds amount required for intended purposes.</span></p><p dir="ltr" class="s2072517Normal-000000"><span xml:space="preserve" class="s2072517DefaultParagraphFont">A court may reasonably reduce the amount of the property transferred to the trustee of a purpose trust if the court determines that the trust corpus substantially exceeds the amount required for the intended purposes. The court should consider allowing the trust to be administered for a reasonable period of time before undertaking a determination. The amount of the reduction, if any, passes as unexpended trust property, as set forth in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.8"><span class="s2072517DefaultParagraphFont">55-1-21.8</span></a><span class="s2072517DefaultParagraphFont">.</span></p><p dir="ltr" class="s2072517Normal"><span xml:space="preserve" class="s2072517000001"> </span></p><p dir="ltr" class="s2072517Normal"><span class="s2072517SCL">Source:</span><span xml:space="preserve" class="s2072517SCL-000002"> SL 2018, ch 275, § 5.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072518Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072518SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072518CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072518Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072518DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072518000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072518SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072518SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2072518Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.3"><span class="s2072518SENU">55-1-21.3</span></a><span xml:space="preserve" class="s2072518SENU">. </span><span class="s2072518CL">Court order where fulfillment of purposes are impossible, inexpedient, or unlawful.</span></p><p dir="ltr" class="s2072518Normal-000000"><span class="s2072518DefaultParagraphFont">If the court finds that the fulfillment of the purposes are or have become impossible, inexpedient, or unlawful, the court shall make an order directing that the trust be administered in such manner as, in the judgment of the court, will, as nearly as can be, accomplish the general purposes, the objects, and intentions of the trustor.</span></p><p dir="ltr" class="s2072518Normal"><span xml:space="preserve" class="s2072518000001"> </span></p><p dir="ltr" class="s2072518Normal"><span class="s2072518SCL">Source:</span><span xml:space="preserve" class="s2072518SCL-000002"> SL 2018, ch 275, § 6.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2079858Normal { 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.s2079858SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2079858CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2079858Statute { 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.s2079858DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } a.s2079858000000 { text-decoration: none; } span.s2079858000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2079858DefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2079858SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2079858Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.4"><span class="s2079858SENU">55-1-21.4</span></a><span xml:space="preserve" class="s2079858SENU">. </span><span class="s2079858CL">Enforcement of purpose of trust by enforcer.</span></p><p dir="ltr" class="s2079858Statute"><span xml:space="preserve" class="s2079858DefaultParagraphFont">The purposes of a purpose trust shall be enforced by an enforcer designated in the governing instrument. An enforcer may demand reasonable information related to the administration of the trust from the trustee, including a periodic accounting. If no enforcer or successor enforcer is acting pursuant to the terms of the governing instrument the court shall appoint one or more enforcers and successor enforcers. No purpose trust may fail for want of an enforcer. An enforcer may petition for, consent to, waive, or object to any matter regarding a purpose trust with regard to the purpose of the trust which the enforcer represents or concerning the administration of the purpose trust. An enforcer is a fiduciary whose duty is to enforce the trust's purpose as set forth in the governing instrument and, except as otherwise provided in the governing instrument, is entitled to reasonable compensation. An enforcer may also serve as a trust protector or a family advisor pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1B"><span class="s2079858DefaultParagraphFont">55-1B</span></a><span xml:space="preserve" class="s2079858DefaultParagraphFont">. However, an enforcer may not serve as an enforcer while serving as a trustee or a distribution trust advisor of the same trust. Except as otherwise provided in </span><a id="_pagenumber2" class="s2079858000000"></a><span class="s2079858DefaultParagraphFont">the governing instrument, if more than one enforcer is acting, action may be taken by a majority of the enforcers.</span></p><p dir="ltr" class="s2079858Normal"><span xml:space="preserve" class="s2079858000001"> </span></p><p dir="ltr" class="s2079858Normal"><span xml:space="preserve" class="s2079858DefaultParagraphFont-000002">Source: </span><span class="s2079858SCL">SL 2018, ch 275, § 7; SL 2020, ch 206, § 1.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2079872Normal { 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.s2079872SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2079872CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2079872Statute { 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.s2079872DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2079872StatuteNumber1 { 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; } p.s2079872Statute-000000 { text-indent: 0.25in; 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.s2079872000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2079872DefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2079872SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2079872Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.5"><span class="s2079872SENU">55-1-21.5</span></a><span xml:space="preserve" class="s2079872SENU">. </span><span class="s2079872CL">Removal of enforcer.</span></p><p dir="ltr" class="s2079872Statute"><span class="s2079872DefaultParagraphFont">A trustee may petition the court for the removal of an enforcer. An enforcer may be removed if the court finds:</span></p><p dir="ltr" class="s2079872StatuteNumber1"><span class="s2079872DefaultParagraphFont">(1)    The enforcer committed a serious breach of the enforcer's duty, or is unfit or unwilling to serve;</span></p><p dir="ltr" class="s2079872StatuteNumber1"><span class="s2079872DefaultParagraphFont">(2)    A significant and unjustified lack of cooperation or hostility between the enforcer and the trustee, trust protector, or trust advisor; or</span></p><p dir="ltr" class="s2079872StatuteNumber1"><span class="s2079872DefaultParagraphFont">(3)    There has been a substantial change in circumstances and removal of the enforcer would best serve the purpose or purposes of the trust.</span></p><p dir="ltr" class="s2079872Statute-000000"><span class="s2079872DefaultParagraphFont">The governing instrument may provide different or additional procedures for the removal of an enforcer.</span></p><p dir="ltr" class="s2079872Normal"><span xml:space="preserve" class="s2079872000001"> </span></p><p dir="ltr" class="s2079872Normal"><span xml:space="preserve" class="s2079872DefaultParagraphFont-000002">Source: </span><span class="s2079872SCL">SL 2018, ch 275, § 8; SL 2020, ch 206, § 2.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </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; } </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><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072522Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072522SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072522CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072522Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072522DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072522000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072522SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072522SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2072522Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.7"><span class="s2072522SENU">55-1-21.7</span></a><span xml:space="preserve" class="s2072522SENU">. </span><span class="s2072522CL">Judicial designation of trustee--Order to carry out intent of trustor and purpose of trust.</span></p><p dir="ltr" class="s2072522Normal-000000"><span xml:space="preserve" class="s2072522DefaultParagraphFont">If no trustee is designated or no designated trustee is willing or able to serve, a court shall name a trustee. A court may order the transfer of the property to another trustee if required to ensure that the intended purposes are carried out or if no successor trustee is designated in the governing instrument or no designated successor trustee agrees to serve or is able to serve. A court may also make such other orders and determinations as are advisable to carry out the intent of the trustor and the purpose of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-20"><span class="s2072522DefaultParagraphFont">55-1-20</span></a><span xml:space="preserve" class="s2072522DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-22.6"><span class="s2072522DefaultParagraphFont">55-1-22.6</span></a><span class="s2072522DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2072522Normal"><span xml:space="preserve" class="s2072522000001"> </span></p><p dir="ltr" class="s2072522Normal"><span class="s2072522SCL">Source:</span><span xml:space="preserve" class="s2072522SCL-000002"> SL 2018, ch 275, § 10.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072523Normal { 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.s2072523SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072523CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072523Normal-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.s2072523DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072523Normal-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.s2072523000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072523SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072523SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2072523Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.8"><span class="s2072523SENU">55-1-21.8</span></a><span xml:space="preserve" class="s2072523SENU">. </span><span class="s2072523CL">Distribution of property upon termination of purpose of trust.</span></p><p dir="ltr" class="s2072523Normal-000000"><span class="s2072523DefaultParagraphFont">Upon termination of a purpose trust, the trustee shall distribute any remaining trust property as directed in the governing instrument. Only in the event that the governing instrument is silent shall the trustee, upon termination of a purpose trust, distribute any remaining trust property as follows:</span></p><p dir="ltr" class="s2072523Normal-000001"><span xml:space="preserve" class="s2072523DefaultParagraphFont">(1)    If the trust was created in a nonresiduary clause in a testator's will and the will fails to direct the distribution of unexpended trust property, then under the residuary clause of the testator's will, and for the purposes of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=29A-2-707"><span class="s2072523DefaultParagraphFont">29A-2-707</span></a><span class="s2072523DefaultParagraphFont">, the residuary clause is treated as creating a future interest under the terms of a trust; and</span></p><p dir="ltr" class="s2072523Normal-000001"><span xml:space="preserve" class="s2072523DefaultParagraphFont">(2)    Otherwise, to the trustor's heirs under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=29A-2-711"><span class="s2072523DefaultParagraphFont">29A-2-711</span></a><span class="s2072523DefaultParagraphFont">.</span></p><p dir="ltr" class="s2072523Normal"><span xml:space="preserve" class="s2072523000002"> </span></p><p dir="ltr" class="s2072523Normal"><span class="s2072523SCL">Source:</span><span xml:space="preserve" class="s2072523SCL-000003"> SL 2018, ch 275, § 11.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2079871Normal { 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.s2079871SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2079871CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2079871Statute { 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.s2079871DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2079871000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2079871DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2079871SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2079871Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.9"><span class="s2079871SENU">55-1-21.9</span></a><span xml:space="preserve" class="s2079871SENU">. </span><span class="s2079871CL">Filings, reports, accounting, separation of funds, appointment, and registration of purpose trust not required--Exceptions.</span></p><p dir="ltr" class="s2079871Statute"><span xml:space="preserve" class="s2079871DefaultParagraphFont">Except as may be demanded by an enforcer under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.4"><span class="s2079871DefaultParagraphFont">55-1-21.4</span></a><span class="s2079871DefaultParagraphFont">, ordered by the court or required by the governing instrument, no filings, reports, periodic accounting, separate maintenance of funds, appointment, or registration of a purpose trust are required.</span></p><p dir="ltr" class="s2079871Normal"><span xml:space="preserve" class="s2079871000000"> </span></p><p dir="ltr" class="s2079871Normal"><span xml:space="preserve" class="s2079871DefaultParagraphFont-000001">Source: </span><span class="s2079871SCL">SL 2018, ch 275, § 12; SL 2020, ch 206, § 3.</span></p></div></body></html><br /><hr><br /><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 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072525Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072525SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072525CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072525Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072525DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072525000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072525SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072525SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2072525Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-21.10"><span class="s2072525SENU">55-1-21.10</span></a><span xml:space="preserve" class="s2072525SENU">. </span><span class="s2072525CL">Trustee may not use principal and income other than for trust's purposes.</span></p><p dir="ltr" class="s2072525Normal-000000"><span class="s2072525DefaultParagraphFont">Except as expressly provided otherwise in the trust instrument, no portion of the principal or income may be converted to the use of the trustee or to any use other than for the trust's purposes or the benefit of a covered animal.</span></p><p dir="ltr" class="s2072525Normal"><span xml:space="preserve" class="s2072525000001"> </span></p><p dir="ltr" class="s2072525Normal"><span class="s2072525SCL">Source:</span><span xml:space="preserve" class="s2072525SCL-000002"> SL 2018, ch 275, § 13.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 55-1-21 - Trust for care of animal, care of other property, or other lawful noncharitable purpose. </title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s9e039b8e8e1043e6b153c9cd4e26e4ccNormal { 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.s9e039b8e8e1043e6b153c9cd4e26e4ccSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s9e039b8e8e1043e6b153c9cd4e26e4ccCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s9e039b8e8e1043e6b153c9cd4e26e4ccStatute { 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.s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s9e039b8e8e1043e6b153c9cd4e26e4cc000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s9e039b8e8e1043e6b153c9cd4e26e4ccNoIndent { text-indent: 0.00in; 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.s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s9e039b8e8e1043e6b153c9cd4e26e4ccSCL { 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><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 55-1-21.11 - Co-enforcer appointment--Powers."><meta property="og:description" content="SDLRC Codified Law 55-1-21.11 - Co-enforcer appointment--Powers."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=55-1-21.11"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccNormal"><a href="https://sdlegislature.gov/Statutes?Statute=55-1-21.11" rel="noopener"><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccSENU">55-1-21.11</span></a><span xml:space="preserve" class="s9e039b8e8e1043e6b153c9cd4e26e4ccSENU">. </span><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccCL">Co-enforcer appointment--Powers.</span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccStatute"><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">Unless specifically restricted by the governing instrument, an enforcer may appoint an individual or a corporate fiduciary as a co-enforcer. The appointed co-enforcer may serve only as long as the appointing enforcer serves, or as long as the last to serve if more than one enforcer appointed the co-enforcer. The appointed co-enforcer may not become a successor enforcer upon the death, resignation, or incapacity of the appointing enforcer, unless appointed under the terms of the governing instrument or unless no other successor enforcer, or method for appointing a successor enforcer, is provided in the governing instrument.</span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccStatute"><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">The powers and the responsibilities of the appointed co-enforcer may be limited by the appointing enforcer in a writing signed by the appointing enforcer at the time of the appointment. If the powers or responsibilities are so limited, the powers or responsibilities of the co-enforcer shall be limited as set forth in writing. Unless the powers or responsibilities are so limited, the appointed co-enforcer may exercise all the powers of the appointing enforcer. The combined powers of the appointed co-enforcer and the appointing enforcer may not exceed the powers of the appointing enforcer alone. The enforcer appointing a co-enforcer may, in writing, revoke the appointment at any time, with or without cause.</span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccStatute"><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">Unless specifically restricted by the governing instrument, if the governing instrument gives a fiduciary other than the enforcer the power to remove and replace the enforcer, such power includes the power to appoint a co-enforcer to serve with the current enforcer.</span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccStatute"><span xml:space="preserve" class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">If an appointment under this section confers upon the appointed co-enforcer, to the exclusion of another co-enforcer, the power to take certain actions, including the power to direct or prevent certain actions of the enforcers, the limitations on liability and the relief from duties and obligations afforded an excluded fiduciary under § </span><a href="https://sdlegislature.gov/Statutes?Statute=55-1B-2" rel="noopener"><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">55-1B-2</span></a><span xml:space="preserve" class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont"> apply to a co-enforcer who does not hold such power.</span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccStatute"><span xml:space="preserve" class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">If the governing instrument is silent concerning the enforcer's power to appoint a co-enforcer, the enforcer shall notify in writing, the trustor, if living, the current trustee or trustees, and any trust protector, trust advisors, and co-enforcers at least thirty days prior to the effective date of the enforcer's exercise of the power granted under this section. The notice, which shall include a copy of the proposed action, shall advise the trustor, the current trustee or trustees, trust protector, trust advisors, or co-enforcers that if they object to the enforcer's appointment, they need to file a written objection with the enforcer prior to the effective date set out in the notice of the proposed action. If an objection is received by the enforcer, prior to the effective date of the appointment, the enforcer may not appoint a co-enforcer. However, this section does not limit the power of the enforcer under law to petition the court for approval of the appointment. If no objection has been timely made, the proposed appointment becomes effective on the later of the date set out in the notice or thirty days after notice has been given. The notice shall be sent by any means allowed under the terms of the trust instrument or authorized in § </span><a href="https://sdlegislature.gov/Statutes?Statute=55-2-24" rel="noopener"><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">55-2-24</span></a><span xml:space="preserve" class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont"> to the trustor, the current trustee or trustees, trust protector, trust advisors, or co-enforcers.</span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccStatute"><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont">The provisions of this section are effective for trusts created before, on, or after July 1, 2023, except as otherwise directed by the trustor, current trustee or trustees, trust protector, trust advisors, or other fiduciary designated by the terms of the trust.</span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccNormal"><span xml:space="preserve" class="s9e039b8e8e1043e6b153c9cd4e26e4cc000000"> </span></p><p dir="ltr" class="s9e039b8e8e1043e6b153c9cd4e26e4ccNoIndent"><span xml:space="preserve" class="s9e039b8e8e1043e6b153c9cd4e26e4ccDefaultParagraphFont-000001">Source: </span><span class="s9e039b8e8e1043e6b153c9cd4e26e4ccSCL">SL 2023, ch 161, § 2.</span></p></div></body></html>