{"data":{"id":"us-sd/sdcl-47-34a-604","jurisdiction":"us-sd","citation":"SDCL § 47-34A-604","heading":"Dissociated member's power to bind limited liability company.","body":"For two years after a member dissociates without the dissociation resulting in a dissolution and winding up of a limited liability company's business, the company, including a surviving company under Article 9, is bound by an act of the dissociated member which would have bound the company under § 47-34A-301 before dissociation only if at the time of entering into the transaction the other party:\n(1) Reasonably believed that the dissociated member was then a member;\n(2) Did not have notice of the member's dissociation; and\n(3) Is not deemed to have had notice under § 47-34A-605.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-34A. UNIFORM LIMITED LIABILITY COMPANY ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-34A-604","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"10ab8fe1e5cbcf9980d361ef1505be62b3522ef1c7519905d48a370f68a6a817","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-34a-603","next":"us-sd/sdcl-47-34a-605"},"notice":"GroundRules: Original legal text. Not legal advice."}