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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 14A - South Dakota Business Trust Act
§ 47-14A-5 Liability of beneficial owners.
Universal Citation: SD Codified L § 47-14A-5 (2019)
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.
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