South Dakota § 48-7A-502 - Partner's transferable interest in partnership.
Full text of South Dakota South Dakota Codified Laws § 48-7A-502 — Partner's transferable interest in partnership., with citation guidance and answers to common questions.
§ 48-7A-502. Partner's transferable interest in partnership.
The only transferable interest of a partner in the partnership is the partner's share of the profits and losses of the partnership and the partner's right to receive distributions. The interest is personal property.
Source: SL 2001, ch 249, § 502.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 48-7A-502
What does South Dakota Codified Laws § 48-7A-502 cover?
Section 48-7A-502 ("Partner's transferable interest in partnership.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 48-7A-502?
A common citation format is "South Dakota Codified Laws § 48-7A-502" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 48-7A-502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.