Section 10-40-13 - Taxation of transfer in trust. - South Dakota Statutes

10-40-13. Taxation of transfer in trust. When any transfer is made in trust for any person or corporation, and the right of the beneficiary to receive the property embraced in such trust is susceptible of present valuation, the tax thereon shall be paid at the same time, in the same manner, and in like amount as would be the case if the beneficiary received the same directly from the decedent or the person from whom the property is transferred.

Source: SL 1915, ch 217, § 12; RC 1919, § 6842; SDC 1939, § 57.2319.