State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-78

47-14A-78. Absence of indemnity provision in governing instrument not conclusive. 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.

Source: SL 2001, ch 245, § 78.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-78

47-14A-78. Absence of indemnity provision in governing instrument not conclusive. 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.

Source: SL 2001, ch 245, § 78.