South Dakota § 55-12-18 - Funds to be administered by trustee under control of licensed banking institution--Report to secretary of state.
Full text of South Dakota South Dakota Codified Laws § 55-12-18 — Funds to be administered by trustee under control of licensed banking institution--Report to secretary of state., with citation guidance and answers to common questions.
§ 55-12-18. Funds to be administered by trustee under control of licensed banking institution--Report to secretary of state.
If a perpetual care cemetery has more than three thousand people buried in the cemetery, the cemetery shall transfer all moneys from the perpetual care fund into the principal fund. The principal fund and the earnings fund of a perpetual cemetery shall be administered by an independent trustee and shall remain in the control of a licensed banking institution. No moneys may be taken out of the principal fund to pay for the costs of administering the funds. The principal fund and the earnings fund are open for public inspection. Each perpetual care cemetery shall submit a report to the secretary of state that includes the name and address of the licensed banking institution and the account numbers of the principal account and the earnings account by April 1, 2014.
Source: SL 2014, ch 228, § 6, eff. Mar. 28, 2014.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 55-12-18
What does South Dakota Codified Laws § 55-12-18 cover?
Section 55-12-18 ("Funds to be administered by trustee under control of licensed banking institution--Report to secretary of state.") 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 § 55-12-18?
A common citation format is "South Dakota Codified Laws § 55-12-18" (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 § 55-12-18 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.