South Dakota Statutes
§ 48-7A-1004.1 — Revocable trust as shareholder--Conditions.
South Dakota § 48-7A-1004.1
This text of South Dakota § 48-7A-1004.1 (Revocable trust as shareholder--Conditions.) 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 § 48-7A-1004.1 (2026).
Text
Notwithstanding any other provisions of § 48-7A-1004 , a revocable trust may be a partner in a limited liability partnership organized under this chapter, for so long as the grantor of the revocable trust is living and is eligible to be a partner of a limited liability partnership organized under this chapter. After the death of the grantor, the partnership interest owned by a revocable trust is subject to any applicable divestiture and redemption provisions as if the partnership interest were directly owned by the grantor of the trust.
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Legislative History
SL 2002, ch 205, § 11.
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 § 48-7A-1004.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/48-7A-1004.1.