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Code · South Dakota · Title 55 · Chapter 55-3

55-3-23. Termination of trust.

46 words·~1 min read·/sd/title-55/chapter-55-3/55-3-23

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In addition to the methods specified in §§ 55-3-24 to 55-3-27 , inclusive, a trust terminates if:
(1)The term of the trust expires;
(2)The trust purpose is fulfilled;
(3)The trust purpose becomes unlawful or impossible to fulfill; or
(4)The trust is revoked.
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