{"data":{"id":"us-sd/sdcl-48-7a-1004.1","jurisdiction":"us-sd","citation":"SDCL § 48-7A-1004.1","heading":"Revocable trust as shareholder--Conditions.","body":"Notwithstanding any other provisions of § 48-7A-1004, a revocable trust may be a partner in a limited liability partnership organized under this chapter, for so long as the grantor of the revocable trust is living and is eligible to be a partner of a limited liability partnership organized under this chapter. After the death of the grantor, the partnership interest owned by a revocable trust is subject to any applicable divestiture and redemption provisions as if the partnership interest were directly owned by the grantor of the trust.","path":["TITLE 48. PARTNERSHIPS","CHAPTER 48-7A. UNIFORM PARTNERSHIP ACT"],"source_url":"https://sdlegislature.gov/Statutes/48-7A-1004.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"d21e60d4defe71135bb6e0ddcea67e89daa34fed33e8b8d0a0e872eedf304278","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-48-7a-1004","next":"us-sd/sdcl-48-7a-1101"},"notice":"GroundRules: Original legal text. Not legal advice."}