US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 South Dakota Codified Laws » Title 55 - Fiduciaries and Trusts » Chapter 01 - Classification And Creation Of Trusts » Section 55-1-21.10 – Trustee may not use principal and income other than for trust’s purposes.

55-1-21.10. Trustee may not use principal and income other than for trust’s purposes.

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.

Source: SL 2018, ch 275, §13.