2018 South Dakota Codified Laws
Chapter 14A - South Dakota Business Trust Act
§ 47-14A-5 Liability of beneficial owners.

47-14A-5. Liability of beneficial owners. Except to the extent otherwise provided in the governing instrument of the business trust, the beneficial owners are entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the state.

Source: SL 2001, ch 245, ยง 5.

Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.