South Dakota Codified Laws 43-5-7. Exempt transfers
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This chapter does not limit any of the following:
(1) Transfers, outright or in trust, for charitable purposes;
Terms Used In South Dakota Codified Laws 43-5-7
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) Transfer to charitable corporations;
(3) Transfers to any cemetery corporation, society, or association; or
(4) Employees’ trusts created as part of a pension, retirement, insurance, savings, stock bonus, profit sharing, or similar plan established by an employer for the benefit of employees eligible to participate.
Source: SL 1983, ch 304, § 3.