South Dakota § 47-14A-30 - One trustee required to have residence or principal place of business in state.
Full text of South Dakota South Dakota Codified Laws § 47-14A-30 — One trustee required to have residence or principal place of business in state., with citation guidance and answers to common questions.
§ 47-14A-30. One trustee required to have residence or principal place of business in state.
Every business trust shall at all times have at least one trustee which, in the case of a natural person, shall be a person who is a resident of this state or which, in all other cases, has its principal place of business in this state.
Source: SL 2001, ch 245, § 30.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-14A-30
What does South Dakota Codified Laws § 47-14A-30 cover?
Section 47-14A-30 ("One trustee required to have residence or principal place of business in state.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 47-14A-30?
A common citation format is "South Dakota Codified Laws § 47-14A-30" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 47-14A-30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.