South Dakota Statutes
§ 47-34A-701 — Series of members, managers, or limited liability company interests permitted.
South Dakota § 47-34A-701
This text of South Dakota § 47-34A-701 (Series of members, managers, or limited liability company interests permitted.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 47-34A-701 (2026).
Text
An operating agreement may establish or provide for the establishment of a series of members, managers, or limited liability company interests having separate rights, powers, or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or obligations. To the extent provided in the operating agreement, any such series may have a separate business purpose or investment objective.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 2020, ch 200, § 1, eff. Nov. 15, 2020.
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Repealed§ 47-1-3
Repealed§ 47-10-1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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-34A-701, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-34A-701.