53-9-10. Dissolution of partnership--Agreement of partners to refrain from carrying on similar business, validity.
Partners may, upon or in anticipation of a dissolution of the partnership, agree that none of them will carry on a similar business within the same municipality where the partnership business has been transacted or within a specified part thereof.
Source: CivC 1877, §961; CL 1887, §3585; RCivC 1903, §1279; RC 1919, §900; SL 1929, ch 88; SDC 1939, §10.0706 (2).