2023 Governor’s Trust Task Force Bill – Senate Bill 95
The bill being proposed by the Governor’s Trust Task Force has been posted. Here is a link to the bill. https://sdlegislature.gov/Session/Bill/24027/245592
News
South Dakota Trust Association Scholarship Recipients Announced
In 2022, the South Dakota Trust Association implemented a new scholarship opportunity available to post-secondary students to help increase awareness of the local trust industry. It is the hope that this scholarship opportunity helps to raise awareness of students about the career paths in the trust industry, emphasizing the current demand for trust administrators. A …
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SDTA Holds 8th Annual Fall Forum
The 2022 Fall Forum was held in Sioux Falls where 275 members and other attendees from around the country participated in a day and a half conference on topics related to South Dakota trust laws. A special thank you to all of our sponsors who made this event a huge success! All New Gallery
SDTA Members Give Back
We held an SDTA volunteer day at Feeding South Dakota in Rapid City and Sioux Falls where members packed backpacks of food for students in need to take home over the weekend. It’s a fun competition between the Rapid City and Sioux Falls locations to see who can pack more backpacks, but it’s the students …
Special purpose entity Memo from the SD Division of Banking
SOUTH DAKOTA DIVISION OF BANKING 1601 N. Harrison Avenue, Suite 1, Pierre, SD 57501 605-773-3421 NUMBER: 10-009 DATE: July 8, 2022 TO: SOUTH DAKOTA TRUST COMPANIES FROM: BRET AFDAHL, Director RE: SPECIAL PURPOSE ENTITY OVERSIGHT GUIDANCE MEMORANDUM The South Dakota Division of Banking (Division) is aware of instances in which Special Purpose Entities (SPEs) named …
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Memo from the SD Division of Banking
All South Dakota Chartered Trust Companies: As a result of the ongoing conflict involving Russia and Ukraine and corresponding sanctions, the U.S. Treasury and the Office of Foreign Assets Control (OFAC) has been actively updating the Specially Designated Nationals (SDN) List and non-SDN sanctions lists. Every South Dakota-chartered trust company should take a proactive approach …
The Smearing of South dakota – Wall Street Journal Editorial Board
October 22, 2021 The Wall Street Journal Editorial Board provided their opinion of the South Dakota trust industry. You can read the full article below.
Madison Daily Leader Editorial
October 19, 2021 The Madison Daily Leader published an editorial regarding the South Dakota trust industry. You can read the full article below. https://www.madisondailyleader.com/opinion/article_2c88c3a0-3109-11ec-9a8a-1b52ceb38a8e.html
The Complex issue of South Dakota trusts
October 13, 2021 Rick Kahler examined the complex issue of South Dakota trusts in the Rapid City Journal. You can read the full article below. https://rapidcityjournal.com/business/kahler-the-complex-issue-of-south-dakota-trusts/article_ac300274-a097-5a43-9758-f83f8a64488a.html
2021 Philanthropy Day
2021 Philanthropy Day at feeding south dakota South Dakota Trust Association was proud to staff an afternoon of volunteering at the Rapid City and Sioux Falls Feeding South Dakota locations on October 7, 2021. The crew packed more than 1,600 backpacks of food for students in need to take home over the weekend. In addition, …