Pleading
Known as the South Dakota Limited Liability Company Act
The act spans §§ 47-34A-1001 to 47-34A-915 (113 sections).
Applied in 1 court decision — leading case Black Hills Surgical Physicians, LLC v. Setliff (2014)
Most recently applied in Black Hills Surgical Physicians, LLC v. Setliff (September 2014)
Source: SL 1998, ch 272, § 1104; SL 2013, ch 233, § 42.
In a derivative action under § 47-34A-1102, the complaint must state with particularity:
(1) The date and content of the plaintiff's demand and the response to the demand by the managers or other members; or
(2) If a demand has not been made, the reasons a demand under § 47-34A-1102 would be futile.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.