South Dakota Statutes
§ 47-12-3.1 — Revocable trust as shareholder, member, or partner--Conditions.
South Dakota § 47-12-3.1
This text of South Dakota § 47-12-3.1 (Revocable trust as shareholder, member, or partner--Conditions.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 47-12-3.1 (2026).
Text
Notwithstanding any other provisions of this chapter, a revocable trust may be a shareholder in a corporation, a member in a limited liability company, or a partner in a limited partnership, a limited liability limited partnership, or a limited liability partnership subject to this chapter, for so long as the grantor of the revocable trust is living and is a licensed dentist pursuant to chapter 36-6A .
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Legislative History
SL 2002, ch 205, § 7; SL 2017, ch 194, § 5.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-12-3.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-12-3.1.