South Dakota Codified Laws 29A-6-420. Liability for debts and obligations of deceased transferor
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Upon the death of the transferor, the beneficiary is liable for the debts and obligations of the deceased transferor under the conditions set forth in §§ 29A-6-421 to 29A-6-424, inclusive.
Terms Used In South Dakota Codified Laws 29A-6-420
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Source: SL 2014, ch 133, § 20.