South Dakota Codified Laws 47-14B-13. Failure of foreign business trust to register
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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;
Terms Used In South Dakota Codified Laws 47-14B-13
- Contract: A legal written agreement that becomes binding when signed.
(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.
Source: SL 2001, ch 245, § 109.