South Dakota Statutes
§ 48-7A-502 — Partner's transferable interest in partnership.
South Dakota § 48-7A-502
This text of South Dakota § 48-7A-502 (Partner's transferable interest in partnership.) 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-502 (2026).
Text
The only transferable interest of a partner in the partnership is the partner's share of the profits and losses of the partnership and the partner's right to receive distributions. The interest is personal property.
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Related
Peters v. Great Western Bank, Inc.
2015 SD 4 (South Dakota Supreme Court, 2015)
Healy Ranch v. Healy
2022 S.D. 43 (South Dakota Supreme Court, 2022)
Legislative History
SL 2001, ch 249, § 502.
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-502, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/48-7A-502.