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. Source: SL 2002, ch 205, §7; SL 2017, ch 194, §5.
South Dakota Legal Code