South Dakota legislation · 101st Legislature (2026)
South Dakota HB1096: allow for the direct creation of a limited liability limited partnership.
Status: Signed into law, March 4, 2026
What the bill says
An Act ENTITLED An Act to allow for the direct creation of a limited liability limited partnership.
From the enrolled text, February 26, 2026:
An Act ENTITLED An Act to allow for the direct creation of a limited liability limited partnership. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 48-7-1106 be AMENDED: 48-7-1106. A limited liability limited partnership may be qualified or formed as follows: (1) An existing limited partnership, in order to qualify as a limited liability limited partnership, must: (a) Obtain approval of the terms and conditions of the limited partnership becoming a limited liability limited partnership by the vote necessary to amend the limited partnership agreement, except in a limited partnership with an agreement that expressly considers contribution obligations, in which case by the vote necessary to amend the contribution obligation provisions; (b) File a statement of qualification pursuant to § 48-7A-1001; (c) Have as the last words or letters of its name the words "Registered Limited Liability Limited Partnership," or the abbreviation "L.L.L.P.," or the designation "LLLP;" and (d) Continue as the same entity that existed before the filing of a statement of qualification pursuant to § 48-7A-1001(c). (2) Alternatively, a limited liability limited partnership may be formed directly by filing a certificate of limited liability limited partnership pursuant to section 2 of this Act. Subsections 48-7A-306(c) and 48-7A-307(b) apply to both general and limited partners of a limited liability limited partnership. …
Sponsors
- Will Mortenson (R, HD-024) · primary sponsor
- Glen Vilhauer (R, SD-005) · primary sponsor
Latest actions
- : Signed by the Governor
- : Delivered to the Governor
- : Signed by the President
- : Signed by the Speaker
- : Do Pass Amended
- : Certified uncontested, placed on consent
- : Do Pass
- : Scheduled for hearing
- : Referred to Commerce and Energy
- : First Reading Senate
Votes
- Do Pass Amended (February 25, 2026): 33 yea, 0 nay, passed
- Do Pass (February 24, 2026): 8 yea, 0 nay, passed
- Do Pass (January 23, 2026): 13 yea, 0 nay, passed
- Do Pass Amended (January 22, 2026): 66 yea, 0 nay, passed
Subjects: Partnerships, Business Organizations, Delayed Effective Date
Common questions
- What is HB1096?
- HB1096 is a bill in the South Dakota Legislature (101st Legislature (2026)): allow for the direct creation of a limited liability limited partnership.
- What does HB1096 do?
- In its own words: An Act ENTITLED An Act to allow for the direct creation of a limited liability limited partnership.
- What is the status of HB1096?
- Signed into law as of March 4, 2026. Latest action: Signed by the Governor (March 4, 2026).
- Who sponsored HB1096?
- Will Mortenson (R, HD-024), with 1 co-sponsor.
- Where is the official record for HB1096?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26692
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.