South Dakota Statutes
§ 48-7-301 — Admission of limited partners.
South Dakota § 48-7-301
This text of South Dakota § 48-7-301 (Admission of limited partners.) 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 § 48-7-301 (2026).
Text
(a)A person becomes a limited partner on the later of:
(1)The date the original certificate of limited partnership is filed; or (2) The date stated in the records of the limited partnership as the date that person becomes a limited partner.
(b)After the filing of a limited partnership's original certificate of limited partnership, a person may be admitted as an additional limited partner:
(1)In the case of a person acquiring a partnership interest directly from the limited partnership, upon the compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and (2) In the case of an assignee of a partnership interest of a partner who has the power, as provided in § 48-7-704 , to grant the assignee the
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1986, ch 391, §§ 301(a), 301(b).
Nearby Sections
15
§ 48-7-1001
Right of action.§ 48-7-1002
Proper plaintiff.§ 48-7-1003
Pleading.§ 48-7-1004
Expenses.§ 48-7-101
Definitions.§ 48-7-102
Name.§ 48-7-103
Reservation of name.§ 48-7-104
Specified office and agent.§ 48-7-105
Records to be kept.§ 48-7-106
Nature of business.§ 48-7-1101
Construction and application.§ 48-7-1102
Short title.§ 48-7-1103
Severability.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 48-7-301, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/48-7-301.