# S.D. Codified Laws § 55-16-3: Qualified person defined

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-3

## Section

- **Citation:** S.D. Codified Laws § 55-16-3
- **Heading:** Qualified person defined
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 55 / Chapter 16 / Section 55-16-3

## Text

For the purposes of this chapter, a qualified person is any person who qualifies as a qualified person under § 55-3-41 and who meets all the requirements of § 55-3-39 other than the transferor.

Source: SL 2005, ch 261, § 3; SL 2009, ch 252, § 42.

## Nearby sections

- [S.D. Codified Laws § 55-16-1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-1.md)
- [S.D. Codified Laws § 55-16-2 Trust instrument defined](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-2.md)
- [S.D. Codified Laws § 55-16-3 Qualified person defined](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-3.md)
- [S.D. Codified Laws § 55-16-4 Persons and entities not to be considered qualified person--Appointment, removal, or replacement of co-trustee, trust advisor, or trust protector](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-4.md)
- [S.D. Codified Laws § 55-16-5 Service as investment trust advisor--Service as fiduciary by transferor](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-5.md)
- [S.D. Codified Laws § 55-16-6 Successor qualified person](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-6.md)
- [S.D. Codified Laws § 55-16-7 Disposition to more than one trustee--Qualified disposition even if all trustees are not qualified persons](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-7.md)
- [S.D. Codified Laws § 55-16-8 Powers and rights of transferor--Effect on qualified disposition](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-8.md)
- [S.D. Codified Laws § 55-16-9 Creditors' actions limited to transfers with intent to defraud](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-9.md)
- [S.D. Codified Laws § 55-16-10 Claim of fraudulent transfer of settlor's assets--Requirements--Discovery--Transfer filing--Substantive rights](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-10.md)
- [S.D. Codified Laws § 55-16-11 Disposition by transferor who is a trustee--Time of disposition](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-11.md)
- [S.D. Codified Laws § 55-16-12 Creditor or other person--Rights with respect to a qualified disposition--Action against trustee, advisor, or trust preparer prohibited](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-12.md)
- [S.D. Codified Laws § 55-16-13 Action against trustee, advisor, or preparer of trust prohibited if action by creditor would be barred--Jurisdiction--Attorneys' fees and costs](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-13.md)
- [S.D. Codified Laws § 55-16-14 Multiple qualified dispositions in same trust instrument](https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-3. Check the current official text before relying on it. Not legal advice.