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

47-14A-87. Conversion to business trust not to affect liabilities incurred prior to conversion.

47 words·~1 min read·/sd/title-47/chapter-47-14/47-14a-87

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The conversion of any other business entity into a business trust may not be deemed to affect any obligations or liabilities of the other business entity incurred prior to its conversion to a business trust, or the personal liability of any person incurred prior to such conversion.
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