South Dakota Statutes
§ 47-14A-76 — Beneficial owner's right to bring derivative action determined by governing instrument.
South Dakota § 47-14A-76
This text of South Dakota § 47-14A-76 (Beneficial owner's right to bring derivative action 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-76 (2026).
Text
A beneficial owner's right to bring a derivative action may be subject to such additional standards and restrictions, if any, as are set forth in the governing instrument of the business trust, including, without limitation, the requirement that beneficial owners owning a specified beneficial interest in the business trust join in the bringing of the derivative action.
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Legislative History
SL 2001, ch 245, § 76.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-76, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-14A-76.