Construction
Known as the South Dakota Business Trust Act
The act spans §§ 47–47 (95 sections).
Source: SL 2001, ch 245, § 95.
The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this section.
It is the policy of this section to give maximum effect to the principle of freedom of contract and to the enforceability of governing instruments.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.