S.D. Codified Laws § 48-7-305

Current through the 2024 Legislative Session
Section 48-7-305 - Information

Each limited partner has the right to:

(1) Inspect and copy any of the partnership records required to be maintained by § 48-7-105; and
(2) Obtain from the general partners from time to time upon reasonable demand:
(a) True and full information regarding the state of the business and financial condition of the limited partnership;
(b) Promptly after becoming available, a copy of the limited partnership's federal, state, and local income tax returns for each year; and
(c) Other information regarding the affairs of the limited partnership as is just and reasonable.

SDCL 48-7-305

SL 1986, ch 391, § 305.