A certificate of trust shall be cancelled upon the completion of winding up of the business trust and its termination. A certificate of cancellation shall be filed in the Office of the Secretary of State and set forth:

(1) The name of the business trust;

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Terms Used In South Dakota Codified Laws 47-14A-46

  • Trustee: A person or institution holding and administering property in trust.

(2) The date of filing of its certificate of trust;

(3) The future effective date or time (which shall be a date or time certain) of cancellation if it is not to be effective upon the filing of the certificate; and

(4) Any other information the trustee determines to include therein.

Source: SL 2001, ch 245, § 46.