Section 55-1-23 - Rule against perpetuities not reinstated.
55-1-23. Rule against perpetuities not reinstated. Nothing in §§ 55-1-20 to 55-1-22, inclusive, may be construed to reinstate the rule against perpetuities in South Dakota as to any trust except trusts specifically defined in §§ 55-1-20 to 55-1-22, inclusive, as honorary trusts or trusts for the care of specific animals.
Source: SL 2006, ch 247, § 4.