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Liability of trustees.

SDCL § 47-14A-6
in effect
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47-14A-6. Liability of trustees. Except to the extent otherwise provided in the governing instrument of a business trust, a trustee, 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, § 6.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-14A-6Fetched: 10/20/2026

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