S.D. Codified Laws § 47-14A-6
Current through the 2024 Legislative Session
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.
SDCL 47-14A-6