South Dakota Statutes
§ 48-7-604 — Distribution upon withdrawal.
South Dakota § 48-7-604
This text of South Dakota § 48-7-604 (Distribution upon withdrawal.) 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 § 48-7-604 (2026).
Text
Except as provided in §§ 48-7-601 to 48-7-608 , inclusive, upon withdrawal any withdrawing partner is entitled to receive any distribution to which he is entitled under the partnership agreement and, if not otherwise provided in the agreement, he is entitled to receive, within a reasonable time after withdrawal, the fair value of his interest in the limited partnership as of the date of withdrawal based upon his right to share in distributions from the limited partnership.
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Related
In Re the Dissolution of Midnight Star Enterprises, L.P.
2006 SD 98 (South Dakota Supreme Court, 2006)
Legislative History
SL 1986, ch 391, § 604.
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 § 48-7-604, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/48-7-604.