Section 51A-10-5 - Tax liability on payments to survivors of deposits in name of two or more personsor in trust for another.
51A-10-5. Tax liability on payments to survivors of deposits in name of two or more persons or in trust for another. No bank so paying any such survivor or survivors under §§ 51A-10-3 and 51A-10-4 is liable for any estate, inheritance, or succession taxes due this state.
Source: SL 1969, ch 11, § 8.6; SL 1970, ch 265, § 44; SDCL, § 51-22-7; SL 1992, ch 88, § 13; SL 1993, ch 94, § 7.