There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 48 PARTNERSHIPS
Chapter 07. Uniform Limited Partnership Act
§48-7-107 Business transactions of partner with partnership.
SD Codified L § 48-7-107 (through 2011) What's This?
48-7-107. Business transactions of partner with partnership. Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.
Source: SL 1986, ch 391, § 107.
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