Section 21-22-7 - Petition, hearing and order dispensing with court supervision. - South Dakota Statutes

21-22-7. Petition, hearing and order dispensing with court supervision. At any time after the filing of the papers required by §§ 21-22-3 and 21-22-4 the trustee or any beneficiary under such court trust, if he considers court supervision unnecessary or impractical and involving unnecessary burden and expense, may petition the court to dispense with such supervision. Upon such petition being filed the court must fix the time and place for hearing and cause notice thereof to be given as provided by this chapter. Upon such hearing such supervision shall not be dispensed with if any trustee or any beneficiary with a substantial interest in the trust objects to dispensing therewith. If there is no such objection and the court is satisfied that such supervision is impractical or unnecessary and would involve unnecessary burden and expense, an order may be entered dispensing with such supervision.

Source: Supreme Court Rule 240, 1939; SDC 1939 & Supp 1960, § 33.2604.