State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-87

47-14A-87. Conversion to business trust not to affect liabilities incurred prior to conversion. The conversion of any other business entity into a business trust may not be deemed to affect any obligations or liabilities of the other business entity incurred prior to its conversion to a business trust, or the personal liability of any person incurred prior to such conversion.

Source: SL 2001, ch 245, § 87.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-14a > Statute-47-14a-87

47-14A-87. Conversion to business trust not to affect liabilities incurred prior to conversion. The conversion of any other business entity into a business trust may not be deemed to affect any obligations or liabilities of the other business entity incurred prior to its conversion to a business trust, or the personal liability of any person incurred prior to such conversion.

Source: SL 2001, ch 245, § 87.