South Dakota § 47-34A-604 - Dissociated member's power to bind limited liability company.
Full text of South Dakota South Dakota Codified Laws § 47-34A-604 — Dissociated member's power to bind limited liability company., with citation guidance and answers to common questions.
§ 47-34A-604. Dissociated member's power to bind limited liability company.
For two years after a member dissociates without the dissociation resulting in a dissolution and winding up of a limited liability company's business, the company, including a surviving company under Article 9, is bound by an act of the dissociated member which would have bound the company under § 47-34A-301 before dissociation only if at the time of entering into the transaction the other party:
(1) Reasonably believed that the dissociated member was then a member;
(2) Did not have notice of the member's dissociation; and
(3) Is not deemed to have had notice under § 47-34A-605.
Source: SL 1998, ch 272, § 604.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-34A-604
What does South Dakota Codified Laws § 47-34A-604 cover?
Section 47-34A-604 ("Dissociated member's power to bind limited liability company.") 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-604?
A common citation format is "South Dakota Codified Laws § 47-34A-604" (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-604 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.