2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 14A - South Dakota Business Trust Act
§ 47-14A-72 Authority of beneficial owner to bring derivative action.

47-14A-72. Authority of beneficial owner to bring derivative action. A beneficial owner may bring an action in the circuit court in the right of a business trust to recover a judgment in its favor if trustees with authority to do so have refused to bring the action or if an effort to cause those trustees to bring the action is not likely to succeed.

Source: SL 2001, ch 245, ยง 72.

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