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S.D. Codified Laws § 48-7-305

Information

Known as the Uniform Limited Partnership Act

The act spans §§ 48–48 (71 sections).

Source: SL 1986, ch 391, § 305.

Each limited partner has the right to:

(1) Inspect and copy any of the partnership records required to be maintained by § 48-7-105; and

(2) Obtain from the general partners from time to time upon reasonable demand:

(a) True and full information regarding the state of the business and financial condition of the limited partnership;

(b) Promptly after becoming available, a copy of the limited partnership's federal, state, and local income tax returns for each year; and

(c) Other information regarding the affairs of the limited partnership as is just and reasonable.

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