§ 20:04:21:23

ARSD 20:04:21:23

Partnership to have authorized agent.

Effective Jul 1, 198612 SDR 155Source: 5 SDR 87, effective April 15, 1979; transferred from § 20:04:06:08, 9 SDR 122, effective March 31, 1983; 12 SDR 151, 12 SDR 155, effective July 1, 1986. | General Authority: SDCL 42-7-56. | Law Implemented: SDCL 42-7-56.

A partnership shall appoint an authorized agent to represent it in all matters. Only the authorized agent may withdraw money or sign claims for the partnership. All members of a partnership shall sign the notarized instrument which appoints an authorized agent.

Source: 5 SDR 87, effective April 15, 1979; transferred from § 20:04:06:08, 9 SDR 122, effective March 31, 1983; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 42-7-56.

Law Implemented: SDCL 42-7-56.