The attorney general may bring an action to restrain a foreign limited partnership from transacting business in this state in violation of any provision of this chapter regulating the activities of foreign limited partnerships.

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Terms Used In South Dakota Codified Laws 48-7-908

  • 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, § 908; SL 1990, ch 370, § 8.