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2023 South Dakota Codified Laws
Title 47 - Corporations
Chapter 14A - South Dakota Business Trust Act
Section 47-14A-35 - Business trust to have perpetual existence--Termination determined by governing instrument.
Universal Citation: SD Codified L § 47-14A-35 (2023)
47-14A-35. Business trust to have perpetual existence--Termination determined by governing instrument.
Except to the extent otherwise provided in the governing instrument of the business trust, a business trust shall have perpetual existence, and a business trust may not be terminated or revoked by a beneficial owner or other person except in accordance with the terms of its governing instrument.
Source: SL 2001, ch 245, ยง35.
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