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Code · South Dakota · Title 48 · Chapter 48-7

48-7-603. Withdrawal of limited partner.

56 words·~1 min read·/sd/title-48/chapter-48-7/48-7-603

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A limited partner has no right of withdrawal from a limited partnership except as otherwise specified in writing in the partnership agreement. The provisions of this bill do not apply to limited partnership agreements in existence June 30, 1996, unless such agreements specify the time or events for dissolution or winding up of the limited partnership.
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