South Dakota Codified Laws 47-14A-77. Indemnification of trustee or beneficial owner
Current as of: 2023 | Check for updates
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Subject to such standards and restrictions, if any, as are set forth in the governing instrument of a business trust, a business trust may indemnify and hold harmless any trustee or beneficial owner or other person from and against any and all claims and demands whatsoever.
Terms Used In South Dakota Codified Laws 47-14A-77
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Trustee: A person or institution holding and administering property in trust.
Source: SL 2001, ch 245, § 77.