20:06:04:12Ownership of securities held in trust.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Beneficial ownership of a security for the purpose of SDCL 58-5-69 shall include the ownership of: (1) Securities as a trustee where either the trustee or members of the trustee's immediate family have a vested interest in the income or corpus of the trust; (2) A vested beneficial interest in a trust; and (3) Securities as a settlor of a trust in which the settlor has the power to revoke the trust without obtaining the consent of all the beneficiaries.
Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.