A foreign business trust may cancel its registration by filing with the secretary of state a certificate of cancellation, executed by a trustee or other authorized person, together with a fee as set forth in § 47-14B-22. A cancellation does not terminate the authority of the secretary of state to accept service of process on the foreign business trust with respect to causes of action arising out of the doing of business in the state.
S.D. Codified Laws § 47-14B-11
Canceling a foreign business trust
Known as the South Dakota Foreign Business Trust Act
The act spans §§ 47-14B-1 to 47-14B-9 (25 sections).
Source: SL 2001, ch 245, § 107.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.