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Liability of officers, employees, and others managing business of trust.

SDCL § 47-14A-7
in effect
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47-14A-7. Liability of officers, employees, and others managing business of trust. Except to the extent otherwise provided in the governing instrument of a business trust, an officer, employee, manager, or other person acting pursuant to subdivision 47-14A-25(7), when acting in such capacity, is not personally liable to any person other than the business trust or a beneficial owner for any act, omission, or obligation of the business trust or any trustee thereof. SL 2001, ch 245, § 7.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-14A-7Fetched: 10/20/2026

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