South Dakota Statutes
§ 48-7-801 — Nonjudicial dissolution.
A limited partnership is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following:
(1)At the time specified in the certificate of limited partnership;
(2)Upon the happening of events specified in writing in the partnership agreement;
(3)Written consent of all partners;
(4)An event of withdrawal of a general partner unless at the time there is at least one other general partner and the written provisions of the partnership agreement permit the business of the limited partnership to be carried on by the remaining general partner and that partner does so, but the limited partnership is not dissolved and is not required to be wound up by reason of any event of withdrawal if, within ninety days after the withdrawal, all partners agree
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South Dakota § 48-7-801 (Nonjudicial dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1986, ch 391, § 801.
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.