S.D. Codified Laws § 47-14A-37

Dissolution of trust determined by governing instrument

Last amended: 2001Year: 2025Length: 45 wordsOfficial source
In the event that a business trust does not have perpetual existence, a business trust is dissolved and its affairs shall be wound up at the time or upon the happening of events specified in the governing instrument. Source: SL 2001, ch 245, § 37.
S.D. Codified Laws § 47-14A-37: Dissolution of trust determined by governing instrument | Justis AI