Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 14A - South Dakota Business Trust Act > Section 47-14A-36 - Death or incapacity of beneficial owner need not terminate business trust.

Section 47-14A-36 - Death or incapacity of beneficial owner need not terminate business trust.

47-14A-36. Death or incapacity of beneficial owner need not terminate business trust. Except to the extent otherwise provided in the governing instrument of a business trust, the death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner may not result in the termination or dissolution of a business trust.

Source: SL 2001, ch 245, § 36.