{"data":{"id":"us-sd/sdcl-55-3-27","jurisdiction":"us-sd","citation":"SDCL § 55-3-27","heading":"Termination of noncharitable trusts valued under one hundred fifty thousand dollars--Distribution of property.","body":"Except as otherwise provided by the terms of the trust, if the value of the trust property of a noncharitable trust is less than one hundred fifty thousand dollars, the trustee may terminate the trust. On petition by a trustee or beneficiary, the court may modify or terminate a noncharitable trust or appoint a new trustee if it determines that the value of the trust property is insufficient to justify the cost of administration involved. Upon termination of a trust pursuant to this section, the trustee shall distribute the trust property in accordance with the trustor's probable intention. The existence of spendthrift or similar protective provisions in a trust does not make this section inapplicable. The court, when considering the termination of a trust containing spendthrift or similar protective provisions, shall consider the feasibility of appointing a new trustee to continue the trust. This section does not apply to a purpose trust under subdivision 55-1-21(1).","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-3. EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES"],"source_url":"https://sdlegislature.gov/Statutes/55-3-27","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"1746dde7730c015a8a055609d2412912d1653853f669541909891d96575122f6","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-3-26","next":"us-sd/sdcl-55-3-28"},"notice":"GroundRules: Original legal text. Not legal advice."}