State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-36

47-14A-36. Death or incapacity of beneficial owner need not terminate business trust. Except to the extent otherwise provided in the governing instrument of a business trust, the death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner may not result in the termination or dissolution of a business trust.

Source: SL 2001, ch 245, § 36.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-36

47-14A-36. Death or incapacity of beneficial owner need not terminate business trust. Except to the extent otherwise provided in the governing instrument of a business trust, the death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner may not result in the termination or dissolution of a business trust.

Source: SL 2001, ch 245, § 36.