South Dakota Statutes
§ 47-34A-201 — Limited liability company as legal entity.
A limited liability company is a legal entity distinct from its members. A member of a limited liability company is not a proper party to proceedings by or against a limited liability company.
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South Dakota § 47-34A-201 (Limited liability company as legal entity.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
MacH v. Connors
979 N.W.2d 161 (South Dakota Supreme Court, 2022)
Stewart v. Plains Commerce Bank
(D. South Dakota, 2025)
Legislative History
SL 1998, ch 272, § 201.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
Powers of corporations.