{"data":{"id":"us-sd/sdcl-47-14a-21","jurisdiction":"us-sd","citation":"SDCL § 47-14A-21","heading":"Beneficial owner entitled to distribution becomes creditor of business trust.","body":"Except to the extent otherwise provided in the governing instrument of a business trust, at the time a beneficial owner becomes entitled to receive a distribution, the beneficial owner has the status of, and is entitled to all remedies available to, a creditor of the business trust with respect to the distribution. A governing instrument may provide for the establishment of record dates with respect to allocations and distributions by a business trust.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-14A. SOUTH DAKOTA BUSINESS TRUST ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-14A-21","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"90be408365807edbbe0c1261f0feca1955602964d142bb1bdc3cdd68e18bb796","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-14a-20","next":"us-sd/sdcl-47-14a-22"},"notice":"GroundRules: Original legal text. Not legal advice."}