{"data":{"id":"us-sd/sdcl-47-11e-5.1","jurisdiction":"us-sd","citation":"SDCL § 47-11E-5.1","heading":"Revocable trust as shareholder--Conditions.","body":"Notwithstanding any other provisions of this chapter, a revocable trust may be a shareholder in a corporation or limited liability company organized under this chapter, for so long as the grantor of the revocable trust is living and is eligible to be a shareholder of a corporation organized under this chapter. After the death of the grantor, the shares owned by a revocable trust are subject to any divestiture and redemption provisions of this chapter as if the shares were directly owned by the grantor of the trust.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-11E. NURSING CORPORATIONS"],"source_url":"https://sdlegislature.gov/Statutes/47-11E-5.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"978f10d79e0ce9996b9da6b7559d59b39ae3b42dde372ce953f6d0a160f2179c","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-11e-5","next":"us-sd/sdcl-47-11e-6"},"notice":"GroundRules: Original legal text. Not legal advice."}