{"data":{"id":"us-sd/sdcl-48-7-1106--2","jurisdiction":"us-sd","citation":"SDCL § 48-7-1106","heading":"Limited liability limited partnership--Qualification or formation--Applicability of liability and chapter provisions.","body":"A limited liability limited partnership may be qualified or formed as follows:\n(1) An existing limited partnership, in order to qualify as a limited liability limited partnership, must:\n(a) Obtain approval of the terms and conditions of the limited partnership becoming a limited liability limited partnership by the vote necessary to amend the limited partnership agreement, except in a limited partnership with an agreement that expressly considers contribution obligations, in which case by the vote necessary to amend the contribution obligation provisions;\n(b) File a statement of qualification pursuant to § 48-7A-1001;\n(c) Have as the last words or letters of its name the words \"Registered Limited Liability Limited Partnership,\" or the abbreviation \"L.L.L.P.,\" or the designation \"LLLP;\" and\n(d) Continue as the same entity that existed before the filing of a statement of qualification pursuant to § 48-7A-1001(c).\n(2) Alternatively, a limited liability limited partnership may be formed directly by filing a certificate of limited liability limited partnership pursuant to § 48-7-1107.\nSubsections 48-7A-306(c) and 48-7A-307(b) apply to both general and limited partners of a limited liability limited partnership. § 48-7-303 also applies to limited partners. Upon qualification or formation, the entity is a limited partnership and a limited liability limited partnership for all purposes of this chapter.","path":["TITLE 48. PARTNERSHIPS","CHAPTER 48-7. UNIFORM LIMITED PARTNERSHIP ACT"],"source_url":"https://sdlegislature.gov/Statutes/48-7-1106","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"97d081cbf0788fbba4eb36f4451cf6336a4a02b4764f5ab3134b57ca4ec1a964","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-48-7-1106","next":"us-sd/sdcl-48-7-1107"},"notice":"GroundRules: Original legal text. Not legal advice."}