S.D. Codified Laws § 47-14A-35

Current through the 2024 Legislative Session
Section 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.

SDCL 47-14A-35

SL 2001, ch 245, §35.