2017 Session Laws

CHAPTER 178

(HB 1065)

Liability of interested persons for certain business debts, repealed.


        ENTITLED, An Act to revise certain provisions regarding the liability of persons for certain business debts.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

    Section 1. That § 37-11-4 be amended to read:

    37-11-4. All persons interested in a business described in § 37-11-1 at any time shall be at all times liable for any contracts or obligations incurred while they were so interested and in addition shall be liable for all contracts and obligations incurred prior to the filing of a verified statement showing that they are no longer interested.

     Signed March 8, 2017
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