South Dakota Codified Laws 55-1A-40. Trust name change
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A trustee may change the name of an irrevocable trust if the trustee deems such action to be in the best interests of the trust and its beneficiaries.
Terms Used In South Dakota Codified Laws 55-1A-40
- Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.
- Trustee: A person or institution holding and administering property in trust.
Source: SL 2011, ch 212, § 13.