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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 14A - South Dakota Business Trust Act
§ 47-14A-6 Liability of trustees.
Universal Citation: SD Codified L § 47-14A-6 (2019)
47-14A-6. Liability of trustees. Except to the extent otherwise provided in the governing instrument of a business trust, a trustee, 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, ยง 6.
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