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S.D. Codified Laws § 48-7A-1101

Law governing foreign limited liability partnership

Known as the Uniform Partnership Act

The act spans §§ 48-7A-1001 to 48-7A-908 (74 sections).

Source: SL 2001, ch 249, § 1101.

(a) The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership.

(b) A foreign limited liability partnership may not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this state.

(c) A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this state as a limited liability partnership.

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