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Home » US Law » 2022 South Dakota Codified Laws » Title 48 - Partnerships » Chapter 07A - Uniform Partnership Act » Section 48-7A-1101 – Law governing foreign limited liability partnership.

48-7A-1101. Law governing foreign limited liability partnership.

(a) The law under which a foreign limited liability partnership is formed governs relations among the partners and between the partners and the partnership and the liability of partners for obligations of the partnership.

(b) A foreign limited liability partnership may not be denied a statement of foreign qualification by reason of any difference between the law under which the partnership was formed and the law of this state.

(c) A statement of foreign qualification does not authorize a foreign limited liability partnership to engage in any business or exercise any power that a partnership may not engage in or exercise in this state as a limited liability partnership.

Source: SL 2001, ch 249, §1101.