A trust power does not cease to be imperative where the trustee has the right to select any and exclude others of the persons designated as the beneficiaries of the trust.

Terms Used In South Dakota Codified Laws 43-11-35

  • Trustee: A person or institution holding and administering property in trust.

Source: CivC 1877, § 351; CL 1887, § 2867; RCivC 1903, § 374; RC 1919, § 441; SDC 1939, § 59.0454.