{"data":{"id":"us-sd/sdcl-47-14a-73","jurisdiction":"us-sd","citation":"SDCL § 47-14A-73","heading":"Qualifications of plaintiff in derivative action.","body":"In a derivative action, the plaintiff must be a beneficial owner at the time of bringing the action and:\n(1) At the time of the transaction of which the plaintiff complains; or\n(2) Plaintiff's status as a beneficial owner had devolved upon plaintiff by operation of law or pursuant to the terms of the governing instrument of the business trust from a person who was a beneficial owner at the time of the transaction.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-14A. SOUTH DAKOTA BUSINESS TRUST ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-14A-73","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"1cb503737c07e431e61413254b60675ca5849334b524f91f31cb86c4b561a8ed","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-14a-72","next":"us-sd/sdcl-47-14a-74"},"notice":"GroundRules: Original legal text. Not legal advice."}