South Dakota Codified Laws 48-7-405. Voting
Current as of: 2023 | Check for updates
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The partnership agreement may grant to all or certain identified general partners the right to vote, on a per capita or any other basis, separately or with all or any class of the limited partners, on any matter.
Terms Used In South Dakota Codified Laws 48-7-405
- 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, § 405.