A general power is in trust when any person or class of persons other than its holder is designated as entitled to the proceeds or the disposition or charge authorized by the power or to any portion of the proceeds or other benefits to result from its execution.

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Terms Used In South Dakota Codified Laws 43-11-11

  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2

Source: CivC 1877, § 305; CL 1887, § 2821; RCivC 1903, § 328; RC 1919, § 397; SDC 1939, § 59.0410.

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