Liability of beneficial owner or trustee of foreign business trust.

  1. Law
  2. South Dakota Codified Laws
  3. Corporations
  4. South Dakota Foreign Business Trust Act
  5. Liability of beneficial owner or trustee of foreign business trust.

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47-14B-14. Liability of beneficial owner or trustee of foreign business trust.

A beneficial owner or a trustee of a foreign business trust is not liable for the obligations of the foreign business trust solely by reason of the business trust's having done business in the state without registration.

Source: SL 2001, ch 245, §110.


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