{"data":{"id":"us-sd/sdcl-47-34a-603","jurisdiction":"us-sd","citation":"SDCL § 47-34A-603","heading":"Effect of a member's dissociation.","body":"(a) A limited liability company does not dissolve and wind up its business as result of a member's dissociation.\n(b) Upon a member's dissociation from a limited liability company:\n(1) The member's right to participate in the management and conduct of the company's business terminates, except as otherwise provided in § 47-34A-803, and the member ceases to be a member and is treated the same as a transferee of a member;\n(2) The member's duty of loyalty under § 47-34A-409(b)(3) terminates; and\n(3) The member's duty of loyalty under § 47-34A-409(b)(1) and (2) and duty of care under § 47-34A-409(c) continue only with regard to matters arising and events occurring before the member's dissociation.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-34A. UNIFORM LIMITED LIABILITY COMPANY ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-34A-603","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"250bf577104fdc9a88732e646d1f47f27510017504701641e8230718f721db72","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-34a-602","next":"us-sd/sdcl-47-34a-604"},"notice":"GroundRules: Original legal text. Not legal advice."}