South Dakota Authority to Issue Additional Shares
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FAQ
South Dakota's ?quiet? trust statute authorizes the restriction of the disclosure of information to beneficiaries. South Dakota PTC legislation authorizes private trust companies to provide trust services to a family group, but not offer services to the public.
59-12-4. Execution of power of attorney. A power of attorney shall be signed by the principal or in the principal's conscious presence by another individual directed by the principal to sign the principal's name on the power of attorney.
A power of appointment is held by the person to whom the power has been given and once granted to a person, is not capable of appropriation or of manual delivery.
55-2-13 Notice to qualified beneficiaries of existence of trust--Written directions--Variation of right of a beneficiary to be informed--Confidentiality of trust information. 55-2-13.1 Information to be provided to excluded fiduciaries--Liability limits of trustee.
