<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-501 - Partner not co-owner of partnership property. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2069831Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2069831SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069831CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069831CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2069831Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2069831DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2069831DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2069831000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2069831SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069831SCL-000004 { 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="s2069831Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=48-7A-501"><span class="s2069831SENU">48-7A-501</span></a><span xml:space="preserve" class="s2069831SENU">. </span><span class="s2069831CL">Partner not co</span><span class="s2069831CL-000000">-</span><span class="s2069831CL">owner of partnership property.</span></p><p dir="ltr" class="s2069831Normal-000001"><span class="s2069831DefaultParagraphFont">A partner is not a co</span><span class="s2069831DefaultParagraphFont-000002">-</span><span class="s2069831DefaultParagraphFont">owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily.</span></p><p dir="ltr" class="s2069831Normal"><span xml:space="preserve" class="s2069831000003"> </span></p><p dir="ltr" class="s2069831Normal"><span class="s2069831SCL">Source:</span><span xml:space="preserve" class="s2069831SCL-000004"> SL 2001, ch 249, § 501.</span></p></div></body></html>