A trustee may create reserves out of income for depreciation, obsolescence, or amortization, or for the depletion of mineral or timber properties. Source: SL 1979, ch 336 , § 28.
SDCL § 55-1A-28 — under TRUSTEES' POWERS.
SDCL § 55-1A-28
A trustee may create reserves out of income for depreciation, obsolescence, or amortization, or for the depletion of mineral or timber properties. Source: SL 1979, ch 336 , § 28.