21-22-2. Application of chapter and §§ 55-3-24 to 55-3-48.
99 words·~1 min read·
/sd/title-21/chapter-21-22/21-22-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This chapter applies to all trusts if any part of the trust estate has its situs within this state or if the trustee or a beneficiary resides in this state, except as otherwise specifically provided by statute or rule of court, the intent being to exclude therefrom such trusts as a statutory assignment for the benefit of creditors, probate administrations, conservatorships, and all other trusts as to which specific provision is made for court supervision. The provisions of §§ 55-3-24 to 55-3-48 , inclusive, are applicable to actions or proceedings relating to trusts supervised or administered under this chapter.