{"data":{"id":"us-sd/sdcl-55-16-8","jurisdiction":"us-sd","citation":"SDCL § 55-16-8","heading":"Powers and rights of transferor--Effect on qualified disposition.","body":"A qualified disposition is subject to §§ 55-16-9 to 55-16-14, inclusive, notwithstanding a transferor's retention of any or all of the powers and rights described in subdivision 55-16-2(2) and the transferor's service as trust advisor pursuant to § 55-16-5. The transferor has only such powers and rights as are conferred by the trust instrument. Except as permitted by §§ 55-16-2 and 55-16-5, a transferor has no rights or authority with respect to the property that is the subject of a qualified disposition or the income therefrom, and any agreement or understanding purporting to grant or permit the retention of any greater rights or authority is void.","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-16. QUALIFIED DISPOSITIONS IN TRUST"],"source_url":"https://sdlegislature.gov/Statutes/55-16-8","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"bc859e1a2cef3f03ac5e52bc50ea40a82ca881651f867a4c90ac0424f9872fe4","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-16-7","next":"us-sd/sdcl-55-16-9"},"notice":"GroundRules: Original legal text. Not legal advice."}