South Dakota § 47-34A-602 - Member's power to dissociate; wrongful dissociation.
Full text of South Dakota South Dakota Codified Laws § 47-34A-602 — Member's power to dissociate; wrongful dissociation., with citation guidance and answers to common questions.
§ 47-34A-602. Member's power to dissociate; wrongful dissociation.
(a) Unless otherwise provided in the operating agreement, a member has the power to dissociate from a limited liability company at any time, rightfully or wrongfully, by express will pursuant to § 47-34A-601(1).
(b) If the operating agreement has not eliminated a member's power to dissociate, the member's dissociation from a limited liability company is wrongful only if:
(1) It is in breach of an express provision of the agreement; or
(2) Before the expiration of the term specified in the articles of organization if any:
(i) The member withdraws by express will;
(ii) The member is expelled by judicial determination under § 47-34A-601(6);
(iii) The member is dissociated by becoming a debtor in bankruptcy; or
(iv) In the case of a member who is not an individual, trust other than a business trust, or estate, the member is expelled or otherwise dissociated because it willfully dissolved or terminated its existence.
(c) A member who wrongfully dissociates from a limited liability company is liable to the company and to the other members for damages caused by the dissociation. The liability is in addition to any other obligation of the member to the company or to the other members.
Source: SL 1998, ch 272, § 602.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-34A-602
What does South Dakota Codified Laws § 47-34A-602 cover?
Section 47-34A-602 ("Member's power to dissociate; wrongful dissociation.") 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 § 47-34A-602?
A common citation format is "South Dakota Codified Laws § 47-34A-602" (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 § 47-34A-602 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.