§ 60-13-1 Trust for benefit of employees not invalidated by rule against perpetuities
§ 60-13-2 Validity of prior trust for benefit of employees

Terms Used In South Dakota Codified Laws > Title 60 > Chapter 13 - Employee Benefit Trusts

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Personal property: All property that is not real property.
  • Personal property: includes money, goods, chattels, things in action, and evidences of debt. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2