47-14A-22. Title to property of business trust may be held by trustee.
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/sd/title-47/chapter-47-14/47-14a-22A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except to the extent otherwise provided in the governing instrument of the business trust, legal title to the property of the business trust, or any part thereof, may be held in the name of any trustee of the business trust, in its capacity as such, with the same effect as if such property were held in the name of the business trust.