South Dakota § 48-7-603 - Withdrawal of limited partner.

Full text of South Dakota South Dakota Codified Laws § 48-7-603 — Withdrawal of limited partner., with citation guidance and answers to common questions.

§ 48-7-603. Withdrawal of limited partner.

A limited partner has no right of withdrawal from a limited partnership except as otherwise specified in writing in the partnership agreement. The provisions of this bill do not apply to limited partnership agreements in existence June 30, 1996, unless such agreements specify the time or events for dissolution or winding up of the limited partnership.

Source: SL 1986, ch 391, § 603; SL 1996, ch 270.

Source: official South Dakota text · Last verified 2026-08-27

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Frequently Asked Questions About South Dakota § 48-7-603

What does South Dakota Codified Laws § 48-7-603 cover?

Section 48-7-603 ("Withdrawal of limited partner.") 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 § 48-7-603?

A common citation format is "South Dakota Codified Laws § 48-7-603" (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 § 48-7-603 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.