South Dakota Codified Laws 43-11-58. Death of trustee of a power with right of selection–Execution of power for benefit equallyof all designated persons
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If the trustee of a power, with the right of selection, dies, leaving the power unexecuted, its execution must be adjudged for the benefit equally of all the persons designated as objects of the trust.
Terms Used In South Dakota Codified Laws 43-11-58
- Trustee: A person or institution holding and administering property in trust.
Source: CivC 1877, § 354; CL 1887, § 2870; RCivC 1903, § 377; RC 1919, § 444; SDC 1939, § 59.0457.