South Dakota Codified Laws 55-3-42. State jurisdiction provision defined
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For the purposes of §§ 55-3-39 and 55-3-40, the term, state jurisdiction provision, means a provision within the trust instrument that the laws of this state govern the validity, construction, or administration of a trust or that the trust is subject to the jurisdiction of this state.
Terms Used In South Dakota Codified Laws 55-3-42
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Source: SL 1998, ch 282, § 23; SL 2013, ch 239, § 22.