S.D. Codified Laws § 47-14B-13

Failure of foreign business trust to register

Known as the South Dakota Foreign Business Trust Act

The act spans §§ 47–47 (25 sections).

Source: SL 2001, ch 245, § 109.

The failure of a foreign business trust to register in the state does not:

(1) Impair the validity of any contract or act of the foreign business trust;

(2) Impair the right of any other party to the contract to maintain any action, suit, or proceeding on the contract; or

(3) Prevent the foreign business trust from defending any action, suit, or proceeding in any court of the state.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.