South Dakota Codified Laws 43-11-10. Power in trust defined
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A power is in trust when any person or class of persons, other than its holder, has by the terms of its creation an interest in its execution.
Terms Used In South Dakota Codified Laws 43-11-10
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 304; CL 1887, § 2820; RCivC 1903, § 327; RC 1919, § 396; SDC 1939, § 59.0409.