SDCL § 55-1-34: Provision that beneficial interest in trust income or principal may not be transferred before payment to beneficiary permissible.
Where this section sits in the code
- TITLE 55. FIDUCIARIES AND TRUSTS
- CHAPTER 55-1. CLASSIFICATION AND CREATION OF TRUSTS
A settlor may provide in the terms of the trust that a beneficiary's beneficial interest in a trust's income, principal, or in both, may not be voluntarily or involuntarily transferred before payment or delivery of the beneficial interest to the beneficiary by the trustee.
Collected 2026-09-03T15:18:57Z. Source file · JSON