South Dakota Codified Laws 47-14A-35. Business trust to have perpetual existence–Termination determined by governinginstrument
Current as of: 2023 | Check for updates
|
Other versions
Except to the extent otherwise provided in the governing instrument of the business trust, a business trust shall have perpetual existence, and a business trust may not be terminated or revoked by a beneficial owner or other person except in accordance with the terms of its governing instrument.
Terms Used In South Dakota Codified Laws 47-14A-35
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 2001, ch 245, § 35.