SDCL § 55-6-1.1: Common trust fund defined.
Where this section sits in the code
- TITLE 55. FIDUCIARIES AND TRUSTS
- CHAPTER 55-6. COMMON TRUST FUNDS AND COLLECTIVE INVESTMENT FUNDS
For purposes of this chapter, the term, common trust fund, is a fund as defined in 12 C.F.R. 9.18(a)(1) as of January 1, 2011, and is provided exemption from taxation according to 26 U.S.C. 584 as of January 1, 2011.
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