For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Power of business trust to acquire interest held by beneficial owner.

SDCL § 47-14A-79
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-14A-79. Power of business trust to acquire interest held by beneficial owner. Except to the extent otherwise provided in the governing instrument of a business trust, a business trust may acquire, by purchase, redemption, or otherwise, any beneficial interest in the business trust held by a beneficial owner of the business trust. Except to the extent otherwise provided in the governing instrument of a business trust, any such interest so acquired by a business trust shall be deemed canceled. SL 2001, ch 245, § 79.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-14A-79Fetched: 10/20/2026

Starting a business in South Dakota? South Dakota LLC guide: costs and requirements