{"data":{"id":"us-sd/sdcl-55-3-40","jurisdiction":"us-sd","citation":"SDCL § 55-3-40","heading":"Validity, construction, and administration of trust with state jurisdiction provision.","body":"The validity, construction, and administration of a trust with a state jurisdiction provision are determined by the laws of this state, including the:\n(1) Capacity of the trustor;\n(2) Powers, obligations, liabilities, and rights of the trustees and the appointment and removal of the trustees; and\n(3) Existence and extent of powers, conferred or retained, including a trustee's discretionary powers, and the validity of the exercise of a power.","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-3. EXPRESS TRUSTS FOR THIRD-PARTY BENEFICIARIES"],"source_url":"https://sdlegislature.gov/Statutes/55-3-40","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"d9fff7ae650a148b7c332ead299b72ecdbde774645f0aec29e54b1dd8f15a346","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-3-39","next":"us-sd/sdcl-55-3-41"},"notice":"GroundRules: Original legal text. Not legal advice."}