<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 48-7A-1001 - Statement of qualification. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2069859Normal { 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.s2069859SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069859CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2069859Normal-000000 { 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.s2069859DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2069859Normal-000001 { 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; } p.s2069859Normal-000002 { 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; } span.s2069859000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2069859SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069859SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2069859Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=48-7A-1001"><span class="s2069859SENU">48-7A-1001</span></a><span xml:space="preserve" class="s2069859SENU">. </span><span class="s2069859CL">Statement of qualification.</span></p><p dir="ltr" class="s2069859Normal-000000"><span class="s2069859DefaultParagraphFont">(a) A partnership may become a limited liability partnership pursuant to this section.</span></p><p dir="ltr" class="s2069859Normal-000001"><span class="s2069859DefaultParagraphFont">(b) The terms and conditions on which a partnership becomes a limited liability partnership must be approved by the vote necessary to amend the partnership agreement except, in the case of a partnership agreement that expressly considers obligations to contribute to the partnership, the vote necessary to amend those provisions.</span></p><p dir="ltr" class="s2069859Normal-000001"><span class="s2069859DefaultParagraphFont">(c) After the approval required by subsection (b), a partnership may become a limited liability partnership by filing a statement of qualification in the Office of the Secretary of State. Delivery may be made by electronic transmission if and to the extent permitted by the Office of the Secretary of State. If the document is filed in typewritten or printed form and not transmitted electronically, the Office of the Secretary of State may require one exact or conformed copy to be delivered with the document. The statement must contain:</span></p><p dir="ltr" class="s2069859Normal-000002"><span class="s2069859DefaultParagraphFont">(1)    The name of the partnership;</span></p><p dir="ltr" class="s2069859Normal-000002"><span class="s2069859DefaultParagraphFont">(2)    The street address of the partnership's chief executive office and, if different, the street address of an office in this state, if any;</span></p><p dir="ltr" class="s2069859Normal-000002"><span xml:space="preserve" class="s2069859DefaultParagraphFont">(3)    If the partnership does not have an office in this state, the information required by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-11-6"><span class="s2069859DefaultParagraphFont">59-11-6</span></a><span class="s2069859DefaultParagraphFont">;</span></p><p dir="ltr" class="s2069859Normal-000002"><span class="s2069859DefaultParagraphFont">(4)    A statement that the partnership elects to be a limited liability partnership; and</span></p><p dir="ltr" class="s2069859Normal-000002"><span class="s2069859DefaultParagraphFont">(5)    A deferred effective date, if any.</span></p><p dir="ltr" class="s2069859Normal-000001"><span class="s2069859DefaultParagraphFont">(d) Repealed by SL 2008, ch 275, § 85.</span></p><p dir="ltr" class="s2069859Normal-000001"><span xml:space="preserve" class="s2069859DefaultParagraphFont">(e) The status of a partnership as a limited liability partnership is effective on the later of the filing of the statement or a date specified in the statement. The status remains effective, regardless of changes in the partnership, until it is canceled pursuant to subsection 48-7A-105(d) or revoked pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=48-7A-1003"><span class="s2069859DefaultParagraphFont">48-7A-1003</span></a><span class="s2069859DefaultParagraphFont">.</span></p><p dir="ltr" class="s2069859Normal-000001"><span class="s2069859DefaultParagraphFont">(f) The status of a partnership as a limited liability partnership and the liability of its partners is not affected by errors or later changes in the information required to be contained in the statement of qualification under subsection (c).</span></p><p dir="ltr" class="s2069859Normal-000001"><span class="s2069859DefaultParagraphFont">(g) The filing of a statement of qualification under this chapter or, before July 1, 2001, registering as a registered limited liability partnership under prior law establishes that a partnership has satisfied all conditions precedent to the qualification of the partnership as a limited liability partnership.</span></p><p dir="ltr" class="s2069859Normal-000001"><span class="s2069859DefaultParagraphFont">(h) An amendment or cancellation of a statement of qualification is effective when it is filed or on a deferred effective date specified in the amendment or cancellation.</span></p><p dir="ltr" class="s2069859Normal"><span xml:space="preserve" class="s2069859000003"> </span></p><p dir="ltr" class="s2069859Normal"><span class="s2069859SCL">Source:</span><span xml:space="preserve" class="s2069859SCL-000004"> SL 2001, ch 249, § 1001; SL 2006, ch 228, § 7; SL 2008, ch 275, § 85; SL 2012, ch 222, § 24.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 48-7A-1001 - Statement of qualification. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2069860Normal { 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.s2069860SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069860CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2069860Normal-000000 { 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.s2069860DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2069860Normal-000001 { 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; } span.s2069860000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2069860SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069860SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2069860Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=48-7A-1001.1"><span class="s2069860SENU">48-7A-1001.1</span></a><span xml:space="preserve" class="s2069860SENU">. </span><span class="s2069860CL">Amendment of statement of qualification--Contents.</span></p><p dir="ltr" class="s2069860Normal-000000"><span class="s2069860DefaultParagraphFont">A statement of qualification of a limited liability partnership is amended by filing a statement of amendment in the Office of the Secretary of State. The statement of amendment shall set forth:</span></p><p dir="ltr" class="s2069860Normal-000001"><span class="s2069860DefaultParagraphFont">(1)    The name of the limited liability partnership;</span></p><p dir="ltr" class="s2069860Normal-000001"><span class="s2069860DefaultParagraphFont">(2)    The date of filing the statement of qualification of limited liability partnership; and</span></p><p dir="ltr" class="s2069860Normal-000001"><span class="s2069860DefaultParagraphFont">(3)    The amendment to the statement of qualification.</span></p><p dir="ltr" class="s2069860Normal"><span xml:space="preserve" class="s2069860000002"> </span></p><p dir="ltr" class="s2069860Normal"><span class="s2069860SCL">Source:</span><span xml:space="preserve" class="s2069860SCL-000003"> SL 2003, ch 234, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 48-7A-1001 - Statement of qualification. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2069861Normal { 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.s2069861SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069861CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2069861Normal-000000 { 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.s2069861DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2069861Normal-000001 { 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; } span.s2069861000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2069861SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069861SCL-000003 { 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></head><body><div><p dir="ltr" class="s2069861Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=48-7A-1001.2"><span class="s2069861SENU">48-7A-1001.2</span></a><span xml:space="preserve" class="s2069861SENU">. </span><span class="s2069861CL">Cancellation of statement of qualification--Contents.</span></p><p dir="ltr" class="s2069861Normal-000000"><span class="s2069861DefaultParagraphFont">A statement of qualification of limited liability partnership shall be cancelled upon the filing of a statement of cancellation of the limited liability partnership. The statement of cancellation shall be filed in the Office of the Secretary of State and shall set forth:</span></p><p dir="ltr" class="s2069861Normal-000001"><span class="s2069861DefaultParagraphFont">(1)    The name of the limited liability partnership;</span></p><p dir="ltr" class="s2069861Normal-000001"><span class="s2069861DefaultParagraphFont">(2)    The date of filing the statement of qualification of limited liability partnership; and</span></p><p dir="ltr" class="s2069861Normal-000001"><span class="s2069861DefaultParagraphFont">(3)    The reason for filing the statement of cancellation.</span></p><p dir="ltr" class="s2069861Normal"><span xml:space="preserve" class="s2069861000002"> </span></p><p dir="ltr" class="s2069861Normal"><span class="s2069861SCL">Source:</span><span xml:space="preserve" class="s2069861SCL-000003"> SL 2003, ch 234, § 2.</span></p></div></body></html>