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S.D. Codified Laws § 47-34A-605

State of dissociation

Known as the South Dakota Limited Liability Company Act

The act spans §§ 47-34A-1001–47-34A-915 (113 sections).

Applied in 1 court decision — leading case Federal Trade Commission v. Payday Financial LLC (2013)

Most recently applied in Federal Trade Commission v. Payday Financial LLC (September 2013)

Source: SL 1998, ch 272, § 605.

(a) A dissociated member or a limited liability company may file in the office of the secretary of state a statement of dissociation stating the name of the company and that the member is dissociated from the company. If the statement is filed by a dissociated member a copy of the statement must also be delivered to the company by the dissociated member.

(b) For the purposes of §§ 47-34A-301 and 47-34A-604, a person not a member is deemed to have notice of the dissociation ninety days after the statement of dissociation is filed.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.