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Form a Business

Business trust to have perpetual existence--Termination determined by governing instrument.

SDCL § 47-14A-35
in effect
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47-14A-35. Business trust to have perpetual existence--Termination determined by governing instrument. Except to the extent otherwise provided in the governing instrument of the business trust, a business trust shall have perpetual existence, and a business trust may not be terminated or revoked by a beneficial owner or other person except in accordance with the terms of its governing instrument. SL 2001, ch 245, § 35.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-14A-35Fetched: 10/20/2026

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