<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 55-1-4 - Creation of express trust--Words or acts of trustor. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072499Normal { 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.s2072499SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072499CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072499Normal-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.s2072499DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072499Normal-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; } p.s2072499Normal-000002 { 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.s2072499000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072499SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072499SCL-000004 { 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="s2072499Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-1-4"><span class="s2072499SENU">55-1-4</span></a><span xml:space="preserve" class="s2072499SENU">. </span><span class="s2072499CL">Creation of express trust--Words or acts of trustor.</span></p><p dir="ltr" class="s2072499Normal-000000"><span class="s2072499DefaultParagraphFont">An express trust is created as to the trustor and beneficiary by any words or acts of the trustor indicating with reasonable certainty:</span></p><p dir="ltr" class="s2072499Normal-000001"><span class="s2072499DefaultParagraphFont">(1)    An intention on the part of the trustor to create a trust; and</span></p><p dir="ltr" class="s2072499Normal-000001"><span class="s2072499DefaultParagraphFont">(2)    The subject, purpose, and beneficiary of the trust.</span></p><p dir="ltr" class="s2072499Normal-000002"><span class="s2072499DefaultParagraphFont">Any express trust that concerns real property shall also be evidenced in writing.</span></p><p dir="ltr" class="s2072499Normal"><span xml:space="preserve" class="s2072499000003"> </span></p><p dir="ltr" class="s2072499Normal"><span class="s2072499SCL">Source:</span><span xml:space="preserve" class="s2072499SCL-000004"> SDC 1939, § 59.0105; SL 2017, ch 204, § 5.</span></p></div></body></html>