South Dakota Statutes
§ 47-14A-78 — Absence of indemnity provision in governing instrument not conclusive.
South Dakota § 47-14A-78
This text of South Dakota § 47-14A-78 (Absence of indemnity provision in governing instrument not conclusive.) 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-78 (2026).
Text
The absence of a provision for indemnity in the governing instrument of a business trust may not be construed to deprive any trustee or beneficial owner or other person of any right to indemnity which is otherwise available to such person under the laws of this state.
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Legislative History
SL 2001, ch 245, § 78.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-78, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-14A-78.