<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 55-3-23 - Termination of trust. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072681Normal { 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.s2072681SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072681CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072681Normal-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.s2072681DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072681Normal-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.s2072681000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072681SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072681SCL-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="s2072681Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-3-23"><span class="s2072681SENU">55-3-23</span></a><span xml:space="preserve" class="s2072681SENU">. </span><span class="s2072681CL">Termination of trust.</span></p><p dir="ltr" class="s2072681Normal-000000"><span xml:space="preserve" class="s2072681DefaultParagraphFont">In addition to the methods specified in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-3-24"><span class="s2072681DefaultParagraphFont">55-3-24</span></a><span xml:space="preserve" class="s2072681DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=55-3-27"><span class="s2072681DefaultParagraphFont">55-3-27</span></a><span class="s2072681DefaultParagraphFont">, inclusive, a trust terminates if:</span></p><p dir="ltr" class="s2072681Normal-000001"><span class="s2072681DefaultParagraphFont">(1)    The term of the trust expires;</span></p><p dir="ltr" class="s2072681Normal-000001"><span class="s2072681DefaultParagraphFont">(2)    The trust purpose is fulfilled;</span></p><p dir="ltr" class="s2072681Normal-000001"><span class="s2072681DefaultParagraphFont">(3)    The trust purpose becomes unlawful or impossible to fulfill; or</span></p><p dir="ltr" class="s2072681Normal-000001"><span class="s2072681DefaultParagraphFont">(4)    The trust is revoked.</span></p><p dir="ltr" class="s2072681Normal"><span xml:space="preserve" class="s2072681000002"> </span></p><p dir="ltr" class="s2072681Normal"><span class="s2072681SCL">Source:</span><span xml:space="preserve" class="s2072681SCL-000003"> SL 1998, ch 282, § 1; SL 2016, ch 231, § 21.</span></p></div></body></html>