{"data":{"id":"us-sd/sdcl-48-7a-805","jurisdiction":"us-sd","citation":"SDCL § 48-7A-805","heading":"Statement of dissolution.","body":"(a) After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution in the Office of the Secretary of State stating the name of the partnership and that the partnership has dissolved and is winding up its business.\n(b) A statement of dissolution cancels a filed statement of partnership authority for the purposes of subsection 48-7A-303(d) and is a limitation on authority for the purposes of subsection 48-7A-303(e).\n(c) For the purposes of §§ 48-7A-301 and 48-7A-804, a person not a partner is deemed to have notice of the dissolution and the limitation on the partners' authority as a result of the statement of dissolution ninety days after it is filed.\n(d) After filing and, if appropriate, recording a statement of dissolution, a dissolved partnership may file and, if appropriate, record a statement of partnership authority which will operate with respect to a person not a partner as provided in subsections 48-7A-303(d) and (e) in any transaction, whether or not the transaction is appropriate for winding up the partnership business.","path":["TITLE 48. PARTNERSHIPS","CHAPTER 48-7A. UNIFORM PARTNERSHIP ACT"],"source_url":"https://sdlegislature.gov/Statutes/48-7A-805","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"b767a2d5b8264edc4f3f09c6f48c45e339f3aa3f936416c363b145b9887bda91","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-48-7a-804","next":"us-sd/sdcl-48-7a-806"},"notice":"GroundRules: Original legal text. Not legal advice."}