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

Revocable trust as shareholder--Conditions.

SDCL § 47-11-3.1
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-11-3.1. Revocable trust as shareholder--Conditions. Notwithstanding any other provisions of this chapter, a revocable trust may be a shareholder in a corporation or limited liability company organized under this chapter, for so long as the grantor of the revocable trust is living and is eligible to be a shareholder of a corporation organized under this chapter. After the death of the grantor, the shares owned by a revocable trust are subject to any divestiture and redemption provisions of this chapter as if the shares were directly owned by the grantor of the trust. SL 2002, ch 205, § 1.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-11-3.1Fetched: 10/20/2026

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