There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 14A. South Dakota Business Trust Act
§47-14A-7 Liability of officers, employees, and others managing business of trust.
SD Codified L § 47-14A-7 (through 2011) What's This?
47-14A-7. Liability of officers, employees, and others managing business of trust. Except to the extent otherwise provided in the governing instrument of a business trust, an officer, employee, manager, or other person acting pursuant to subdivision 47-14A-25(7), when acting in such capacity, is not personally liable to any person other than the business trust or a beneficial owner for any act, omission, or obligation of the business trust or any trustee thereof.
Source: SL 2001, ch 245, § 7.
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