South Dakota Codified Laws 55-3-29.2. Statute of limitations defense not available
Current as of: 2023 | Check for updates
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No beneficiary of a trust may assert a statute of limitations defense in any proceeding to modify, reform, or terminate a trust pursuant to §§ 55-3-23 to 55-3-29, inclusive.
Terms Used In South Dakota Codified Laws 55-3-29.2
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
Source: SL 2011, ch 212, § 12.