Section 55-1-1 - Purposes for which trust may be created.
55-1-1. Purposes for which trust may be created. Except as otherwise prescribed by chapter 43-10 concerning trusts and uses in relation to real property and 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.