Section 47-14A-72 - Authority of beneficial owner to bring derivative action. - South Dakota Statutes

47-14A-72. Authority of beneficial owner to bring derivative action. A beneficial owner may bring an action in the circuit court in the right of a business trust to recover a judgment in its favor if trustees with authority to do so have refused to bring the action or if an effort to cause those trustees to bring the action is not likely to succeed.

Source: SL 2001, ch 245, § 72.