There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 01A. South Dakota Business Corporation Act
§47-1A-1406.1 Bar on known claims against dissolved corporation.
SD Codified L § 47-1A-1406.1 (through 2011) What's This?
47-1A-1406.1. Bar on known claims against dissolved corporation. A claim against the dissolved corporation is barred:
(1) If a claimant who was given written notice under § 47-1A-1406 does not deliver the claim to the dissolved corporation by the deadline; or
(2) If a claimant whose claim was rejected by the dissolved corporation does not commence a proceeding to enforce the claim within ninety days from the effective date of the rejection notice.
Source: SL 2005, ch 239, § 319.
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