Powers of trust series managers upon dissolution of series--Liability

SDCL § 47-14A-41 — under SOUTH DAKOTA BUSINESS TRUST ACT.

SDCL § 47-14A-41

Upon dissolution of a series of a business trust, the persons who under the governing instrument of the business trust are responsible for winding up such series affairs may, in the name of the business trust and for and on behalf of the business trust and such series, take all actions with respect to the series as are permitted under § 47-14A-38 and shall provide for the claims and obligations of the series and distribute the assets of the series as provided under §