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2020 South Dakota Codified Laws
Title 47 - Corporations
Chapter 14A - South Dakota Business Trust Act
Section 47-14A-79 - Power of business trust to acquire interest held by beneficial owner.
Universal Citation: SD Codified L § 47-14A-79 (2020)
47-14A-79. Power of business trust to acquire interest held by beneficial owner.
Except to the extent otherwise provided in the governing instrument of a business trust, a business trust may acquire, by purchase, redemption, or otherwise, any beneficial interest in the business trust held by a beneficial owner of the business trust. Except to the extent otherwise provided in the governing instrument of a business trust, any such interest so acquired by a business trust shall be deemed canceled.
Source: SL 2001, ch 245, ยง79.
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