47-14B-1. Laws governing organization of foreign business trust.
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/sd/title-47/chapter-47-14/47-14b-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The laws of the state, territory, possession, or other jurisdiction or country under which a foreign business trust is organized govern its organization and internal affairs and the liability of its beneficial owners and trustees. A foreign business trust may not be denied registration by reason of any difference between those laws and the laws of the state.