SDCL § 48-7-403: General powers and liabilities.
Where this section sits in the code
- TITLE 48. PARTNERSHIPS
- CHAPTER 48-7. UNIFORM LIMITED PARTNERSHIP ACT
Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners. Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
Collected 2026-09-03T15:18:57Z. Source file · JSON