State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-5

47-14A-5. Liability of beneficial owners. Except to the extent otherwise provided in the governing instrument of the business trust, the beneficial owners are entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the state.

Source: SL 2001, ch 245, § 5.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-5

47-14A-5. Liability of beneficial owners. Except to the extent otherwise provided in the governing instrument of the business trust, the beneficial owners are entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the state.

Source: SL 2001, ch 245, § 5.