South Dakota Codified Laws 48-7-601. Interim distributions
Current as of: 2023 | Check for updates
|
Other versions
Except as provided in §§ 48-7-601 to 48-7-608, inclusive, a partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof to the extent and at the times or upon the happening of the events specified in the partnership agreement.
Terms Used In South Dakota Codified Laws 48-7-601
- 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, § 601.