South Dakota § 55-1-55 - Trust enforceable although not funded or without res, corpus, or assets.
Full text of South Dakota South Dakota Codified Laws § 55-1-55 — Trust enforceable although not funded or without res, corpus, or assets., with citation guidance and answers to common questions.
§ 55-1-55. Trust enforceable although not funded or without res, corpus, or assets.
A trust is valid and enforceable even though it may not be funded at a given time, or from time to time, or does not initially have any res or corpus or otherwise contain any asset of any nature. A trust is valid and enforceable even though its res is neither ascertainable nor identifiable at the time of the trust's creation. No trustee, trust protector, or trust advisor has any duty prior to the time a trust has a res, corpus, or any asset.
Source: SL 2016, ch 231, § 14.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 55-1-55
What does South Dakota Codified Laws § 55-1-55 cover?
Section 55-1-55 ("Trust enforceable although not funded or without res, corpus, or assets.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 55-1-55?
A common citation format is "South Dakota Codified Laws § 55-1-55" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 55-1-55 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.