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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 14A - South Dakota Business Trust Act
§ 47-14A-36 Death or incapacity of beneficial owner need not terminate business trust.
Universal Citation: SD Codified L § 47-14A-36 (2019)
47-14A-36. Death or incapacity of beneficial owner need not terminate business trust. Except to the extent otherwise provided in the governing instrument of a business trust, the death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner may not result in the termination or dissolution of a business trust.
Source: SL 2001, ch 245, ยง 36.
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