47-14A-30. One trustee required to have residence or principal place of business in state.
46 words·~1 min read·
/sd/title-47/chapter-47-14/47-14a-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every business trust shall at all times have at least one trustee which, in the case of a natural person, shall be a person who is a resident of this state or which, in all other cases, has its principal place of business in this state.