South Dakota Statutes
§ 48-7A-805 — Statement of dissolution.
(a)After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution in the Office of the Secretary of State stating the name of the partnership and that the partnership has dissolved and is winding up its business.
(b)A statement of dissolution cancels a filed statement of partnership authority for the purposes of subsection 48 - 7A - 303(d) and is a limitation on authority for the purposes of subsection 48 - 7A - 303(e).
(c)For the purposes of §§ 48 - 7A - 301 and 48 - 7A - 804, a person not a partner is deemed to have notice of the dissolution and the limitation on the partners' authority as a result of the statement of dissolution ninety days after it is filed.
(d)After filing and, if appropriate, recording a statement of dissolution, a dissolved p
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South Dakota § 48-7A-805 (Statement of dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2001, ch 249, § 805.
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.