37-11-4. Liability of persons interested in business.
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.
Source: SDC 1939, §49.0801; SL 2017, ch 178, §1.
Structure South Dakota Codified Laws
Chapter 11 - Registration Of Business Names
Section 37-11-1 - Filing of fictitious name statement required--Exceptions.
Section 37-11-2 - Statement filed on change in ownership of business--Fee.
Section 37-11-3 - Information recorded by secretary of state and register of deeds.
Section 37-11-4 - Liability of persons interested in business.