47-14A-5. Liability of beneficial owners.
43 words·~1 min read·
/sd/title-47/chapter-47-14/47-14a-5A 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, the beneficial owners are entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the state.