<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-34A-203 - Articles of organization.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2084314Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2084314SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2084314CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2084314DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2084314StatuteNumber1 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2084314Normal-000000 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } a.s2084314000001 { text-decoration: none; } span.s2084314000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2084314DefaultParagraphFont-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2084314SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 47-34A-203 - Articles of organization."><meta property="og:description" content="SDLRC Codified Law 47-34A-203 - Articles of organization."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=47-34A-203"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2084314Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-34A-203" rel="noopener"><span class="s2084314SENU">47-34A-203</span></a><span xml:space="preserve" class="s2084314SENU">. </span><span class="s2084314CL">Articles of organization.</span></p><p dir="ltr" class="s2084314Normal"><span class="s2084314DefaultParagraphFont">(a) Articles of organization of a limited liability company must set forth:</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(1)    The name of the company;</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(2)    The address of the initial designated office;</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span xml:space="preserve" class="s2084314DefaultParagraphFont">(3)    The information required by § </span><a href="https://sdlegislature.gov/Statutes?Statute=59-11-6" rel="noopener"><span class="s2084314DefaultParagraphFont">59-11-6</span></a><span class="s2084314DefaultParagraphFont">;</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(4)    The name and address of each organizer;</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(5)    The duration of the company if other than perpetual;</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(6)    Whether the company is to be manager-managed, and, if so, the name and address for each initial manager;</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span xml:space="preserve" class="s2084314DefaultParagraphFont">(7)    Whether one or more of the members of the company are to be liable for its debts and obligations under § </span><a href="https://sdlegislature.gov/Statutes?Statute=47-34A-303" rel="noopener"><span class="s2084314DefaultParagraphFont">47-34A-303</span></a><span class="s2084314DefaultParagraphFont">(c);and</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span xml:space="preserve" class="s2084314DefaultParagraphFont">(8)    Whether the limited liability company is authorized to establish one or more series and the matters required under § </span><a href="https://sdlegislature.gov/Statutes?Statute=47-34A-702" rel="noopener"><span class="s2084314DefaultParagraphFont">47-34A-702</span></a><span class="s2084314DefaultParagraphFont">.</span></p><p dir="ltr" class="s2084314Normal-000000"><span class="s2084314DefaultParagraphFont">(b) Articles of organization of a limited liability company may set forth:</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(1)    Provisions permitted to be set forth in an operating agreement; or</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(2)    Other matters not inconsistent with law.</span></p><p dir="ltr" class="s2084314Normal-000000"><a id="_pagenumber8" class="s2084314000001" rel="noopener"></a><span xml:space="preserve" class="s2084314DefaultParagraphFont">(c) Articles of organization of a limited liability company may not vary the nonwaivable provisions of § </span><a href="https://sdlegislature.gov/Statutes?Statute=47-34A-103" rel="noopener"><span class="s2084314DefaultParagraphFont">47-34A-103</span></a><span class="s2084314DefaultParagraphFont">(b). As to all other matters, if any provision of an operating agreement is inconsistent with the articles of organization:</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(1)    The operating agreement controls as to managers, members, and members' transferees; and</span></p><p dir="ltr" class="s2084314StatuteNumber1"><span class="s2084314DefaultParagraphFont">(2)    The articles of organization control as to persons, other than managers, members and their transferees, who reasonably rely on the articles to their detriment.</span></p><p dir="ltr" class="s2084314Normal"><span xml:space="preserve" class="s2084314000002"> </span></p><p dir="ltr" class="s2084314Normal"><span xml:space="preserve" class="s2084314DefaultParagraphFont-000003">Source: </span><span class="s2084314SCL">SL 1998, ch 272, § 203; SL 2006, ch 228, § 8; SL 2008, ch 275, § 75; SL 2020, ch 200, § 8, eff. Nov. 15, 2020.</span></p></div></body></html>