{"data":{"id":"us-sd/sdcl-55-1-22.1","jurisdiction":"us-sd","citation":"SDCL § 55-1-22.1","heading":"Separate shares for beneficiaries and purposes to be maintained in hybrid purpose trust.","body":"In a hybrid purpose trust when the interests of the beneficiaries and purposes are concurrent, the trustee shall maintain not less than two separate shares, one for the beneficiaries; and a second for the purposes, and the trustee may be liable to the beneficiaries for the actual damages caused thereby, if any, for failing to do so.","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-1. CLASSIFICATION AND CREATION OF TRUSTS"],"source_url":"https://sdlegislature.gov/Statutes/55-1-22.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"5d79771eb8bf20d1a377733cefd0d92668759dcc7ad21db0f62bb35b1a8aac31","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-1-22","next":"us-sd/sdcl-55-1-22.2"},"notice":"GroundRules: Original legal text. Not legal advice."}