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2020 South Dakota Codified Laws
Title 48 - Partnerships
Chapter 07A - Uniform Partnership Act
Section 48-7A-704 - Statement of dissociation.
Universal Citation: SD Codified L § 48-7A-704 (2020)
48-7A-704. Statement of dissociation.
(a) A dissociated partner or the partnership may file a statement of dissociation in the Office of the Secretary of State stating the name of the partnership and that the partner is dissociated from the partnership.
(b) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of subsections 48-7A-303(d) and (e).
(c) For the purposes of subsections 48-7A-702(a)(3) and 48-7A-703(b)(3), a person not a partner is deemed to have notice of the dissociation ninety days after the statement of dissociation is filed.
Source: SL 2001, ch 249, ยง704.
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