{"data":{"id":"us-sd/sdcl-55-10a-7","jurisdiction":"us-sd","citation":"SDCL § 55-10A-7","heading":"Transfer by obligor.","body":"Subject to subdivisions (1) and (2), any person not subject to § 55-10A-5 or 55-10A-6, who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to § 55-10A-9:\n(1) If a person having the right to do so under § 55-10A-3, has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person; or\n(2) If no custodian has been nominated under § 55-10A-3, or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds ten thousand dollars in value.","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-10A. UNIFORM TRANSFERS TO MINORS ACT"],"source_url":"https://sdlegislature.gov/Statutes/55-10A-7","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"2039793480e2a62f57593561ea7c7ffab83e03f0913f7537dc2137c86ff4ada9","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-10a-6","next":"us-sd/sdcl-55-10a-8"},"notice":"GroundRules: Original legal text. Not legal advice."}