55-1-24.2. Withdrawal power.
52 words·~1 min read·
/sd/title-55/chapter-55-1/55-1-24-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A withdrawal power allows a person a right to withdraw all or some part of the trust property, whether from income or principal. The holder of a withdrawal power is not deemed to be the settlor of the trust by failing to exercise a withdrawal power or letting a withdrawal power lapse.