A hybrid purpose trust which meets the description of a purpose trust in §§ 55-1-20 to 55-1-21.10 , inclusive, also includes one or more beneficiaries is valid and may be performed. Source: SL 2006, ch 247 , § 3; SL 2018, ch 275 , § 14.
Hybrid purpose trusts valid
SDCL § 55-1-22 — under CLASSIFICATION AND CREATION OF TRUSTS.
SDCL § 55-1-22