S.D. Codified Laws § 48-7-705

Current through the 2024 Legislative Session
Section 48-7-705 - Power of estate of deceased or incompetent partner

If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage his person or his property, the partner's personal representative, guardian, conservator, or other legal representative may exercise all the partner's rights for the purpose of settling his estate or administering his property, including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.

SDCL 48-7-705

SL 1986, ch 391, § 705; SL 1995, ch 167, § 188.