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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 14A - South Dakota Business Trust Act > Section 47-14A-77 - Indemnification of trustee or beneficial owner.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-14A-77 - Indemnification of trustee or beneficial owner.

47-14A-77. Indemnification of trustee or beneficial owner. Subject to such standards and restrictions, if any, as are set forth in the governing instrument of a business trust, a business trust may indemnify and hold harmless any trustee or beneficial owner or other person from and against any and all claims and demands whatsoever.

Source: SL 2001, ch 245, § 77.

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