S.D. Codified Laws § 29A-6-423

Current through the 2024 Legislative Session
Section 29A-6-423 - Limitation of beneficiary liability

The beneficiary is liable to the creditors or personal representatives of the deceased transferor for the lawful debts and obligations of the deceased transferor only in an amount equal to the value of the property contributed by the deceased transferor determined as of the time of transferor's death, but subject to all homestead and legal exemptions in the deceased transferor's property.

SDCL 29A-6-423

SL 2014, ch 133, §23.
Added by S.L. 2014, ch. 133,s. 23, eff. 7/1/2014.