S.D. Codified Laws § 48-7A-1101

Current through the 2024 Legislative Session
Section 48-7A-1101 - Law governing foreign limited liability partnership
(a) The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership.
(b) A foreign limited liability partnership may not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this state.
(c) A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this state as a limited liability partnership.

SDCL 48-7A-1101

SL 2001, ch 249, §1101.