South Dakota Codified Laws 37-1-3.1. Combinations in restraint of trade unlawful–Entities subject to prohibition
Current as of: 2023 | Check for updates
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A contract, combination, or conspiracy between two or more persons in restraint of trade or commerce any part of which is within this state is unlawful.
A person is any natural person, partnership, limited liability company, corporation, association, or other legal entity.
Terms Used In South Dakota Codified Laws 37-1-3.1
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1977, ch 305, § 1; SL 1994, ch 351, § 82.