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Disposition to more than one trustee--Qualified disposition even if all trustees are not qualified persons

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SD Code › Title 55 › Chapter 16 › Section 55-16-7

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

In the case of a disposition to more than one trustee, a disposition that is otherwise a qualified disposition may not be treated as other than a qualified disposition solely because not all of the trustees are qualified persons.

Source: SL 2005, ch 261, § 7.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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