South Dakota Codified Laws 47-14B-14. Liability of beneficial owner or trustee of foreign business trust
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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.
Terms Used In South Dakota Codified Laws 47-14B-14
- Trustee: A person or institution holding and administering property in trust.
Source: SL 2001, ch 245, § 110.