43-11-12. Special power in trust defined.
63 words·~1 min read·
/sd/title-43/chapter-43-11/43-11-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A special power is in trust:
(1)When the disposition or charge which it authorizes is limited to be made to any person or class of persons other than the holder of the power; or
(2)When any person or class of persons, other than the holder, is designated as entitled to any benefit from the disposition or charge authorized by the power.