South Dakota SB69: Revise provisions related to trusts.

What the bill says

An Act ENTITLED An Act to revise provisions related to trusts.

From the enrolled text:

An Act ENTITLED An Act to revise provisions related to trusts. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 55-1B-1 be AMENDED: 55-1B-1. Terms used in this chapter mean: (1) "Instrument," any revocable or irrevocable trust document created inter vivos or testamentary or any custodial account agreement, whether such document or agreement was created prior to, on, or after July 1, 1997; (2) "Trust protector," any person whose appointment as protector is provided for in the instrument. Such person may not be considered to be acting in a fiduciary capacity except to the extent the governing instrument provides otherwise. However, a protector shall be considered acting in a fiduciary capacity to the extent that the person exercises the authority of an investment trust advisor, a distribution trust advisor, or a tax trust advisor; (3) "Trust advisor," an investment trust advisor, a distribution trust advisor, a tax trust advisor, or, in the case of a custodial account, a custodial account owner or the owner's designee, except that a tax trust advisor is not considered a trust advisor for purposes of § 55-2-13; (4) "Fiduciary," a trustee or custodian under any instrument, an executor, administrator, or personal representative of a decedent's estate, or any other party, including a trust advisor, a trust protector, or …

Read the full official text

Sponsors

• Casey Crabtree (R, SD-008) · primary sponsor
• Mike Stevens (R, HD-018) · primary sponsor
• Randy Deibert (R, SD-031)
• Paul Miskimins (R, SD-020)
• Matt Roby (R, HD-005)
• Michael Rohl (R, SD-001)
• Kyle Schoenfish (R, SD-019)
• Tony Venhuizen (R, HD-013)

Votes

• Concurred in amendments (March 4, 2025): 35 yea, 0 nay, passed
• Do Pass Amended (February 27, 2025): 65 yea, 4 nay, passed
• Do Pass (February 26, 2025): 12 yea, 0 nay, passed
• Do Pass Amended (January 27, 2025): 34 yea, 0 nay, passed
• Do Pass Amended (January 23, 2025): 9 yea, 0 nay, passed

Common questions

What is SB69?

SB69 is a bill in the South Dakota Legislature (2025 Regular Session): Revise provisions related to trusts.

What does SB69 do?

In its own words: An Act ENTITLED An Act to revise provisions related to trusts.

What is the status of SB69?

Passed both chambers as of March 31, 2025.

Who sponsored SB69?

Casey Crabtree (R, SD-008), with 7 co-sponsors.

Where is the official record for SB69?

On the South Dakota Legislature website: https://sdlegislature.gov/#/Session/Bill/25708