S.D. Codified Laws § 47-12-3.1

Current through the 2024 Legislative Session
Section 47-12-3.1 - Revocable trust as shareholder, member, or partner-Conditions

Notwithstanding any other provisions of this chapter, a revocable trust may be a shareholder in a corporation, a member in a limited liability company, or a partner in a limited partnership, a limited liability limited partnership, or a limited liability partnership subject to this chapter, for so long as the grantor of the revocable trust is living and is a licensed dentist pursuant to chapter 36-6A.

SDCL 47-12-3.1

SL 2002, ch 205, §7; SL 2017, ch 194, §5.
Amended by S.L. 2017, ch. 194,s. 5, eff. 7/1/2017.