2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 34A. Uniform Limited Liability Company Act
§47-34A-901 Definitions.


SD Codified L § 47-34A-901 (through 2011) What's This?

47-34A-901. Definitions. Terms used in this article:

(1) "Corporation" means a corporation under State Dakota Business Act, a predecessor law, or comparable law of another jurisdiction;

(2) "General partner" means a partner in a partnership and a general partner in a limited partnership;

(3) "Limited partner" means a limited partner in a limited partnership;

(4) "Limited partnership" means a limited partnership created under chapter 48-7, a predecessor law, or comparable law of another jurisdiction;

(5) "Partner" includes a general partner and a limited partner;

(6) "Partnership" means a general partnership under chapters 48-1 to 48-5, inclusive, a predecessor law, or comparable law of another jurisdiction;

(7) "Partnership agreement" means an agreement among the partners concerning the partnership or limited partnership;

(8) "Shareholder" means a shareholder in a corporation.

Source: SL 1998, ch 272, § 901.

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