South Dakota Codified Laws 48-7-106. Nature of business
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A limited partnership may carry on any business that a partnership without limited partners may carry on.
Terms Used In South Dakota Codified Laws 48-7-106
- 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, § 106.