A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily.
S.D. Codified Laws § 48-7A-501
Partner not co-owner of partnership property
Known as the Uniform Partnership Act
The act spans §§ 48–48 (74 sections).
Applied in 1 court decision — leading case Peters v. Great Western Bank, Inc. (2015)
Most recently applied in Peters v. Great Western Bank, Inc. (January 2015)
Source: SL 2001, ch 249, § 501.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.