(a) A partnership is an entity distinct from its partners.
(b) A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under § 48-7A-1001.
S.D. Codified Laws § 48-7A-201
Partnership as entity
Known as the Uniform Partnership Act
The act spans §§ 48–48 (74 sections).
Applied in 1 court decision — leading case CASEY RANCH LTD. PARTNERSHIP v. Casey (2009)
Most recently applied in CASEY RANCH LTD. PARTNERSHIP v. Casey (September 2009)
Source: SL 2001, ch 249, § 201.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.