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51 chapters · 1,546 sections in this title.
SDCL § 47-14A-87 Conversion to business trust not to affect liabilities incurred prior to conversion
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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 conversio…
SDCL § 47-14A-88 Rights, property, and obligations of converting entities vest in resulting entity
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When any conversion has become effective under this chapter, for all purposes of the laws of the State of South Dakota, all of the rights, privileges, and powers of the other business entity that has converted, and all property, real, personal, and mixed, and all debts due to suc…
SDCL § 47-14A-89 Conversion deemed continuation of business entity as business trust
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Unless otherwise agreed, or as required under applicable non - South Dakota law, the converting other business entity is not required to wind up its affairs or pay its liabilities and distribute its assets, and the conversion may not be deemed to constitute a dissolution of such …
SDCL § 47-14A-9 Power to sue and be sued--Liabilities--Property subject to attachment--Exception for separately designed series
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A business trust may sue and be sued, and service of process upon one of the trustees is sufficient. A business trust may be sued for debts and other obligations or liabilities contracted or incurred by the trustees, or by the duly authorized agents of such trustees, in the perfo…
