48-7A-704. Statement of dissociation.(a) A dissociated partner or the partnership may file a statement of dissociation in the Office of the Secretary of State stating the name of the partnership and that the partner is dissociated from the partnership.(b) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of subsections 48-7A-303(d) and (e).(c) For the purposes of subsections 48-7A-702(a)(3) and 48-7A-703(b)(3), a person not a partner is deemed to have notice of the dissociation ninety days after the statement of dissociation is filed. Source: SL 2001, ch 249, §704.
South Dakota Legal Code