|
State of South Dakota
|
|
NINETY-SECOND SESSION LEGISLATIVE ASSEMBLY, 2017 |
| 409Y0262 | SENATE JUDICIARY ENGROSSED NO. HB 1065 - 2/23/2017 |
|
Introduced by: Representatives Johnson, Jensen (Kevin), Johns, McPherson, Schaefer,
Schoenfish, Tieszen, and Willadsen and Senators Rusch, Ewing, Frerichs,
Otten (Ernie), Partridge, Solano, and Sutton
|
FOR AN ACT 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.
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
|
100 copies were printed on recycled paper by the South Dakota Legislative Research Council at a cost of $.161 per page. |
. |
Insertions into existing statutes are indicated by underscores. Deletions from existing statutes are indicated by |
