Section 47-14A-35 - Business trust to have perpetual existence--Termination determined by governinginstrument. - South Dakota Statutes

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.

Source: SL 2001, ch 245, § 35.