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Statutes > South Dakota Laws > Title 55 - FIDUCIARIES AND TRUSTS > Chapter 03 - Express Trusts For Third-Party Beneficiaries > Section 55-3-6 - Revocation of trust--Consent of beneficiaries--Reservation of power in declarationof trust.

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Section 55-3-6 - Revocation of trust--Consent of beneficiaries--Reservation of power in declarationof trust.

55-3-6. Revocation of trust--Consent of beneficiaries--Reservation of power in declaration of trust. If the declaration of trust reserves a power of revocation to the trustor, the trust may be revoked if the power is strictly pursued.

Source: SDC 1939, § 59.0216; SL 1993, ch 355, § 2; SL 1998, ch 282, § 9.

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