South Dakota Codified Laws 48-7-701. Nature of partnership interest
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A partnership interest is personal property.
Terms Used In South Dakota Codified Laws 48-7-701
- 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.
Source: SL 1986, ch 391, § 701.