No person may be deemed to be doing business in the state solely by reason of being a trustee or a beneficial owner of a foreign business trust.

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Terms Used In South Dakota Codified Laws 47-14B-3

  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Trustee: A person or institution holding and administering property in trust.

Source: SL 2001, ch 245, § 99.