South Dakota § 48-7A-805 - Statement of dissolution.
Full text of South Dakota South Dakota Codified Laws § 48-7A-805 — Statement of dissolution., with citation guidance and answers to common questions.
§ 48-7A-805. Statement of dissolution.
(a) After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution in the Office of the Secretary of State stating the name of the partnership and that the partnership has dissolved and is winding up its business.
(b) A statement of dissolution cancels a filed statement of partnership authority for the purposes of subsection 48-7A-303(d) and is a limitation on authority for the purposes of subsection 48-7A-303(e).
(c) For the purposes of §§ 48-7A-301 and 48-7A-804, a person not a partner is deemed to have notice of the dissolution and the limitation on the partners' authority as a result of the statement of dissolution ninety days after it is filed.
(d) After filing and, if appropriate, recording a statement of dissolution, a dissolved partnership may file and, if appropriate, record a statement of partnership authority which will operate with respect to a person not a partner as provided in subsections 48-7A-303(d) and (e) in any transaction, whether or not the transaction is appropriate for winding up the partnership business.
Source: SL 2001, ch 249, § 805.
Frequently Asked Questions About South Dakota § 48-7A-805
What does South Dakota Codified Laws § 48-7A-805 cover?
Section 48-7A-805 ("Statement of dissolution.") 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-805?
A common citation format is "South Dakota Codified Laws § 48-7A-805" (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-805 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.