CHAPTER 259

(HB 1099)

Registered agent of foreign corporation
may be domestic limited liability company or partnership.

         ENTITLED, An Act to  authorize certain domestic limited liability companies and partnerships to be registered agents of foreign corporations.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

     Section  1.  That § 47-1A-1507 be amended to read as follows:

     47-1A-1507.   Each foreign corporation authorized to transact business in this state must continuously maintain in this state:

             (1)      A registered office that may be the same as any of its places of business; and

             (2)      A registered agent, who may be:

             (a)      An individual who resides in this state and whose business office is identical with the registered office;

             (b)      A domestic corporation or not-for-profit domestic corporation whose business office is identical with the registered office; or

             (c)      A foreign corporation or foreign not-for-profit corporation authorized to transact business in this state whose business office is identical with the registered office ; or

             (d)    A domestic limited liability company or domestic limited liability partnership whose business office is identical with the registered office .

     Signed February 23, 2007

_______________