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Code · South Dakota · Title 47 · Chapter 47-14

47-14A-6. Liability of trustees.

51 words·~1 min read·/sd/title-47/chapter-47-14/47-14a-6·

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Except to the extent otherwise provided in the governing instrument of a business trust, a trustee, when acting in such capacity, is not personally liable to any person other than the business trust or a beneficial owner for any act, omission, or obligation of the business trust or any trustee thereof.
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