Death or incapacity of beneficial owner need not terminate business trust.

1. Law
2. South Dakota Codified Laws
3. Corporations
4. South Dakota Business Trust Act
5. Death or incapacity of beneficial owner need not terminate business trust.

47-14A-36. Death or incapacity of beneficial owner need not terminate business trust.

Except to the extent otherwise provided in the governing instrument of a business trust, the death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner may not result in the termination or dissolution of a business trust.

Source: SL 2001, ch 245, §36.

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