# S.D. Codified Laws § 55-16-6: Successor qualified person

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T55_C16_S55-16-6

## Section

- **Citation:** S.D. Codified Laws § 55-16-6
- **Heading:** Successor qualified person
- **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 55-16-6

## Text

If a qualified person of a trust ceases to meet the requirements of § 55-16-3 , and there remains no trustee that meets such requirements, such qualified person shall be deemed to have resigned as of the time of such cessation, and thereupon the successor qualified person provided for in the trust instrument shall become a qualified person of the trust, or in the absence of any successor qualified person provided for in the trust instrument, the circuit court shall, upon application of any interested party, appoint a successor qualified person.

Source: SL 2005, ch 261, § 6.

## 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_S55-16-6. Check the current official text before relying on it. Not legal advice.