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25 chapters · 550 sections in this title.
SDCL § 55-1-1 Purposes for which trust may be created
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Except as otherwise prescribed by chapters 43-4 and 43-25 relating to transfers, a trust may be created for any purpose for which a contract may lawfully be made. Source: CivC 1877, § 1293; CL 1887, § 3916; RCivC 1903, § 1612; RC 1919, § 1190; SDC 1939 § 59.0104; SL 2017, ch 204 …
SDCL § 55-1-10 Transfer of real property to one for money paid by another--Trust presumed
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When a transfer of real property is made to one person and the consideration therefor is paid by or for another, a trust is presumed to result in favor of the person by or for whom such payment is made. Source: SDC 1939, § 59.0102 (4).
SDCL § 55-1-11 Implied trust--Declaration by court of equity
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The enumeration in §§ 55-1-7 to 55-1-10 , inclusive, of cases wherein an implied trust arises does not exclude or prevent the arising of an implied trust in other cases nor prevent a court of equity from establishing and declaring an implied, resulting, or constructive trust in o…
SDCL § 55-1-12 Trustor, trustee, beneficiary, power of appointment, and person defined
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The person whose confidence creates a trust is called the trustor; the person in whom the confidence is reposed is called the trustee; and the person for whose benefit the trust is created is called the beneficiary. As used in this title, except as specifically provided in chapte…
