South Dakota Codified Laws
Chapter 07A - Uniform Partnership Act
Section 48-7A-307 - Actions by and against partnership and partners.

48-7A-307. Actions by and against partnership and partners.
(a) A partnership may sue and be sued in the name of the partnership.
(b) An action may be brought against the partnership and, to the extent not inconsistent with §48-7A-306, any or all of the partners in the same action or in separate actions.
(c) A judgment against a partnership is not by itself a judgment against a partner. A judgment against a partnership may not be satisfied from a partner's assets unless there is also a judgment against the partner.
(d) A judgment creditor of a partner may not levy execution against the assets of the partner to satisfy a judgment based on a claim against the partnership unless the partner is personally liable for the claim under §48-7A-306 and:
(1)A judgment based on the same claim has been obtained against the partnership and a writ of execution on the judgment has been returned unsatisfied in whole or in part;
(2)The partnership is a debtor in bankruptcy;
(3)The partner has agreed that the creditor need not exhaust partnership assets;
(4)A court grants permission to the judgment creditor to levy execution against the assets of a partner based on a finding that partnership assets subject to execution are clearly insufficient to satisfy the judgment, that exhaustion of partnership assets is excessively burdensome, or that the grant of permission is an appropriate exercise of the court's equitable powers; or
(5)Liability is imposed on the partner by law or contract independent of the existence of the partnership.
(e) This section applies to any partnership liability or obligation resulting from a representation by a partner or purported partner under §48-7A-308.

Source: SL 2001, ch 249, §307.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 48 - Partnerships

Chapter 07A - Uniform Partnership Act

Section 48-7A-101 - Definitions.

Section 48-7A-102 - Knowledge and notice.

Section 48-7A-103 - Effect of partnership agreement, nonwaivable provisions.

Section 48-7A-104 - Supplemental principles of law.

Section 48-7A-105 - Execution, filing, and recording of statements.

Section 48-7A-106 - Governing law.

Section 48-7A-107 - Partnership subject to amendment or repeal of act.

Section 48-7A-201 - Partnership as entity.

Section 48-7A-202 - Formation of partnership.

Section 48-7A-203 - Partnership property.

Section 48-7A-204 - When property is partnership property.

Section 48-7A-301 - Partner agent of partnership.

Section 48-7A-302 - Transfer of partnership property.

Section 48-7A-303 - Statement of partnership authority.

Section 48-7A-304 - Statement of denial.

Section 48-7A-305 - Partnership liable for partner's actionable conduct.

Section 48-7A-306 - Partner's liability.

Section 48-7A-307 - Actions by and against partnership and partners.

Section 48-7A-308 - Liability of purported partner.

Section 48-7A-401 - Partner's rights and duties.

Section 48-7A-402 - Distributions in kind.

Section 48-7A-403 - Partner's rights and duties with respect to information.

Section 48-7A-404 - General standards of partner's conduct.

Section 48-7A-405 - Actions by partnership and partners.

Section 48-7A-406 - Continuation of partnership beyond definite term or particular undertaking.

Section 48-7A-501 - Partner not co-owner of partnership property.

Section 48-7A-502 - Partner's transferable interest in partnership.

Section 48-7A-503 - Transfer of partner's transferable interest.

Section 48-7A-504 - Partner's transferable interest subject to charging order.

Section 48-7A-505 - Satisfaction of judgment out of judgment debtor's transferable interest in limited liability partnership.

Section 48-7A-601 - Events causing partner's dissociation.

Section 48-7A-602 - Partner's power to dissociate; wrongful dissociation.

Section 48-7A-603 - Effect of partner's dissociation.

Section 48-7A-701 - Purchase of dissociated partner's interest.

Section 48-7A-702 - Dissociated partner's power to bind and liability to partnership.

Section 48-7A-703 - Dissociated partner's liability to other persons.

Section 48-7A-704 - Statement of dissociation.

Section 48-7A-705 - Continued use of partnership name.

Section 48-7A-801 - Events causing dissolution and winding up of partnership business.

Section 48-7A-802 - Partnership continues after dissolution.

Section 48-7A-803 - Right to wind up partnership business.

Section 48-7A-804 - Partner's power to bind partnership after dissolution.

Section 48-7A-805 - Statement of dissolution.

Section 48-7A-806 - Partner's liability to other partners after dissolution.

Section 48-7A-807 - Settlement of accounts and contributions among partners.

Section 48-7A-901 - Definitions.

Section 48-7A-902 - Conversion of partnership to limited partnership.

Section 48-7A-903 - Conversion of limited partnership to partnership.

Section 48-7A-904 - Effect of conversion; entity unchanged.

Section 48-7A-905 - Merger of partnerships.

Section 48-7A-906 - Effect of merger.

Section 48-7A-907 - Statement of merger.

Section 48-7A-908 - Nonexclusive.

Section 48-7A-1001 - Statement of qualification.

Section 48-7A-1001.1 - Amendment of statement of qualification--Contents.

Section 48-7A-1001.2 - Cancellation of statement of qualification--Contents.

Section 48-7A-1002 - Name.

Section 48-7A-1003 - Annual report.

Section 48-7A-1004 - Eligibility to practice in limited liability partnership.

Section 48-7A-1004.1 - Revocable trust as shareholder--Conditions.

Section 48-7A-1101 - Law governing foreign limited liability partnership.

Section 48-7A-1102 - Statement of foreign qualification.

Section 48-7A-1102.1 - Amendment of statement of foreign qualification--Contents.

Section 48-7A-1102.2 - Cancellation of statement of foreign qualification--Contents.

Section 48-7A-1103 - Effect of failure to qualify.

Section 48-7A-1104 - Activities not constituting transacting business.

Section 48-7A-1105 - Action by attorney general.

Section 48-7A-1201 - Uniformity of application and construction.

Section 48-7A-1202 - Short title.

Section 48-7A-1203 - Severability clause.

Section 48-7A-1206 - Applicability.

Section 48-7A-1207 - Savings clause.

Section 48-7A-1208 - Filing fees.