Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 14B - South Dakota Foreign Business Trust Act > Section 47-14B-14 - Liability of beneficial owner or trustee of foreign business trust.

Section 47-14B-14 - Liability of beneficial owner or trustee of foreign business trust.

47-14B-14. Liability of beneficial owner or trustee of foreign business trust. A beneficial owner or a trustee of a foreign business trust is not liable for the obligations of the foreign business trust solely by reason of the business trust's having done business in the state without registration.

Source: SL 2001, ch 245, § 110.