One trustee required to have residence or principal place of business in state.

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  2. South Dakota Codified Laws
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  4. South Dakota Business Trust Act
  5. One trustee required to have residence or principal place of business in state.

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47-14A-30. One trustee required to have residence or principal place of business in state.

Every business trust shall at all times have at least one trustee which, in the case of a natural person, shall be a person who is a resident of this state or which, in all other cases, has its principal place of business in this state.

Source: SL 2001, ch 245, §30.


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