South Dakota Codified Laws 55-1B-9. Investment trust advisor or distribution trust advisor provided for in trust instrument
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A trust instrument governed by the laws of South Dakota may provide for a person to act as an investment trust advisor or a distribution trust advisor, respectively, with regard to investment decisions or discretionary distributions. Unless otherwise provided or restricted by the terms of the governing instrument, any person may simultaneously serve as a trust advisor and a trust protector.
Terms Used In South Dakota Codified Laws 55-1B-9
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 2005, ch 260, § 5; SL 2017, ch 204, § 16.