South Dakota Codified Laws 55-1-1. Purposes for which trust may be created
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Except as otherwise prescribed by chapters 43-4 and 43-25 relating to transfers, a trust may be created for any purpose for which a contract may lawfully be made.
Terms Used In South Dakota Codified Laws 55-1-1
- Contract: A legal written agreement that becomes binding when signed.
Source: CivC 1877, § 1293; CL 1887, § 3916; RCivC 1903, § 1612; RC 1919, § 1190; SDC 1939 § 59.0104; SL 2017, ch 204, § 4.