South Dakota Corporate Protection
Charging Order Protection Under the Uniform Limited Partnership Act, a judgment creditor may charge the debtor-partner’s partnership interest with payment of any unsatisfied amount with interest. The judgment creditor has only the rights of an assignee of a partnership interest. To view this section of the statute, click here. Under the Uniform Partnership Act, a judgment creditor may charge the debtor-partner’s partnership interest to satisfy any judgment. This charging order constitutes a lien on the debtor-partner’s partnership interest. This is the judgment creditor’s exclusive remedy. To view this section of the statute, click here.
South Dakota Business Acts
|