<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 55-15-10 - Distributions of principal and standards for income distributions not affected by conversion.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s9d7ec55110c6413bb2f9ab0636ea7af4Normal { 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.s9d7ec55110c6413bb2f9ab0636ea7af4SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s9d7ec55110c6413bb2f9ab0636ea7af4CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s9d7ec55110c6413bb2f9ab0636ea7af4Statute { 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.s9d7ec55110c6413bb2f9ab0636ea7af4DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s9d7ec55110c6413bb2f9ab0636ea7af4000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s9d7ec55110c6413bb2f9ab0636ea7af4NoIndent { 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.s9d7ec55110c6413bb2f9ab0636ea7af4DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s9d7ec55110c6413bb2f9ab0636ea7af4SCL { 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 55-15-10 - Distributions of principal and standards for income distributions not affected by conversion."><meta property="og:description" content="SDLRC Codified Law 55-15-10 - Distributions of principal and standards for income distributions not affected by conversion."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=55-15-10"><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="s9d7ec55110c6413bb2f9ab0636ea7af4Normal"><a href="https://sdlegislature.gov/Statutes?Statute=55-15-10" rel="noopener"><span class="s9d7ec55110c6413bb2f9ab0636ea7af4SENU">55-15-10</span></a><span xml:space="preserve" class="s9d7ec55110c6413bb2f9ab0636ea7af4SENU">. </span><span class="s9d7ec55110c6413bb2f9ab0636ea7af4CL">Distributions of principal and standards for income distributions not affected by conversion.</span></p><p dir="ltr" class="s9d7ec55110c6413bb2f9ab0636ea7af4Statute"><span class="s9d7ec55110c6413bb2f9ab0636ea7af4DefaultParagraphFont">Conversion to a total return unitrust under the provisions of this chapter does not affect any other provisions of the governing instrument, if any, regarding distributions of principal or the standards for distributions of income.</span></p><p dir="ltr" class="s9d7ec55110c6413bb2f9ab0636ea7af4Normal"><span xml:space="preserve" class="s9d7ec55110c6413bb2f9ab0636ea7af4000000"> </span></p><p dir="ltr" class="s9d7ec55110c6413bb2f9ab0636ea7af4NoIndent"><span xml:space="preserve" class="s9d7ec55110c6413bb2f9ab0636ea7af4DefaultParagraphFont-000001">Source: </span><span class="s9d7ec55110c6413bb2f9ab0636ea7af4SCL">SL 2002, ch 225, § 10; SL 2023, ch 161, § 15.</span></p></div></body></html>