Beneficial owner's interest in business trust as personal property.

1. Law
2. South Dakota Codified Laws
3. Corporations
4. South Dakota Business Trust Act
5. Beneficial owner's interest in business trust as personal property.

47-14A-19. Beneficial owner's interest in business trust as personal property.

A beneficial owner's beneficial interest in the business trust is personal property notwithstanding the nature of the property of the trust. Except to the extent otherwise provided in the governing instrument of a business trust, a beneficial owner has no interest in specific business trust property.

Source: SL 2001, ch 245, §19.

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