South Dakota Statutes
§ 47-14A-35 — Business trust to have perpetual existence--Termination determined by governing instrument.
South Dakota § 47-14A-35
This text of South Dakota § 47-14A-35 (Business trust to have perpetual existence--Termination determined by governing instrument.) 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 § 47-14A-35 (2026).
Text
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.
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Legislative History
SL 2001, ch 245, § 35.
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-14A-35, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-14A-35.