South Dakota Codified Laws 55-1-41. Effect of spendthrift provision
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If the trust contains a spendthrift provision, no creditor may reach present or future mandatory distributions from the trust at the trust level. Moreover, no court may order a trustee to distribute past due mandatory distributions directly to a creditor.
Terms Used In South Dakota Codified Laws 55-1-41
- Trustee: A person or institution holding and administering property in trust.
Source: SL 2007, ch 280, § 18; SL 2009, ch 252, § 9.