Section 55-1-21 - Trust for care of designated animal. - South Dakota Statutes

55-1-21. Trust for care of designated animal. Subject to the provisions of § 55-1-22, a trust for the care of a designated animal is valid. The trust terminates when no living animal is covered by the trust. A governing instrument shall be liberally construed to bring the transfer within this section, to presume against the merely precatory or honorary nature of the disposition, and to carry out the general intent of the transferor. Extrinsic evidence is admissible in determining the transferor's intent.

Source: SL 2006, ch 247, § 2.