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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 55-3-26: Petition to modify terms of trust--Circumstances--Distribution of property.

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Where this section sits in the code
  1. TITLE 55. FIDUCIARIES AND TRUSTS
  2. CHAPTER 55-3. EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES

On petition by a trustee or beneficiary, the court may modify the administrative or dispositive terms of the trust or terminate the trust if, because of circumstances not anticipated by the trustor, modification or termination of the trust would substantially further the trustor's purposes in creating the trust. Upon termination of a trust under this section, the trust property shall be distributed in accordance with the trustor's probable intention.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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