S.D. Codified Laws § 47-14A-23

Creditors of trustee have no rights in business trust property

Last amended: 2001Year: 2025Length: 57 wordsOfficial source
No creditor of the trustee has any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the business trust with respect to any claim against, or obligation of, such trustee in its individual capacity and not related to the business trust. Source: SL 2001, ch 245, § 23.
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