Source: http://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&Statute=47-34A-203
Timestamp: 2020-02-25 11:52:19
Document Index: 705881827

Matched Legal Cases: ['§ 59', '§ 47', '§ 47', '§ 203', '§ 8', '§ 75']

SDLRC - Codified Law 47-34A-203
47-34A-203. Articles of organization. (a) Articles of organization of a limited liability company must set forth:
(3) The information required by § 59-11-6;
(5) The duration of the company if other than perpetual;
(6) Whether the company is to be manager-managed, and, if so, the name and address for each initial manager; and
(7) Whether one or more of the members of the company are to be liable for its debts and obligations under § 47-34A-303(c).
(c) Articles of organization of a limited liability company may not vary the nonwaivable provisions of § 47-34A-103(b). As to all other matters, if any provision of an operating agreement is inconsistent with the articles of organization:
(2) The articles of organization control as to persons, other than managers, members and their transferees, who reasonably rely on the articles to their detriment.
Source: SL 1998, ch 272, § 203; SL 2006, ch 228, § 8; SL 2008, ch 275, § 75.