There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 47 CORPORATIONS
Chapter 26. Nonprofit Corporations--Dissolution And Liquidation
- §47-26-1 Procedure for dissolution.
- §47-26-2 Vote of members--Meeting for vote--Notice of meeting--Contents of notice--Two-thirds vote required.
- §47-26-3 Dissolution by board of directors in corporation without members entitled to vote.
- §47-26-4 Resolution to dissolve--Cessation of business affairs--Notice of proposed dissolution to creditors--Collection and distribution of assets.
- §47-26-5 Manner of distribution of assets--Particular assets--Remaining assets.
- §47-26-6 Plan for distribution of assets--Adoption of plan.
- §47-26-7 Membership vote on plan--Meeting--Notice of meeting--Two-thirds vote required.
- §47-26-8 Adoption of plan by corporation having no members entitled to vote.
- §47-26-9 Articles of dissolution--Time for adoption--Contents.
- §47-26-10 Delivery of articles to secretary of state--Endorsement and filing by secretary of state--Issuance of certificate of dissolution.
- §47-26-11 Cessation of corporate existence--Exceptions.
- §47-26-12 Revocation of dissolution action--Procedure.
- §47-26-13 Revocation of dissolution resolution--Meeting--Notice of meeting--Two-thirds vote required.
- §47-26-14 Revocation in corporation having no members entitled to vote.
- §47-26-15 Effect of adoption of revocation resolution.
- §47-26-16 Involuntary dissolution by court decree--Action by attorney general--Grounds of action.
- §47-26-17 Repealed.
- §47-26-18 Repealed.
- §47-26-19 Venue of attorney general's action--Service of process.
- §47-26-20 Service by publication--Contents of publication--Newspaper of publication.
- §47-26-21 Including several corporations in one notice--Mailing notice to corporation--Attorney general's certificate of mailing--Number and time of publication--Time for default.
- §47-26-22 Power of court in liquidation proceedings--Actions by member or director.
- §47-26-23 Power of court in liquidation proceedings--Action by creditor.
- §47-26-24 Power of court in liquidation proceedings--Application by corporation.
- §47-26-25 Power of court in liquidation proceedings--Action by attorney general.
- §47-26-26 Venue of actions.
- §47-26-27 Proper parties to action.
- §47-26-28 Preservation of corporate assets--Injunctions and receivers.
- §47-26-29 Appointment of liquidating receiver--Authority of receiver--Order appointing receiver.
- §47-26-30 Disposition of assets resulting from sale of corporate property--Manner of distribution--Disposition of remaining assets.
- §47-26-31 Expenses of liquidation--Compensation of receiver--Attorneys' fees.
- §47-26-32 Capacity of receiver to sue and be sued--Jurisdiction of court.
- §47-26-33 Qualifications of receiver--Bond.
- §47-26-34 Claims of creditors--Proof of claim--Time for filing--Failure to file timely proofs.
- §47-26-35 Discontinuance of liquidation proceedings--Redelivery of assets to corporation.
- §47-26-36 Decree of involuntary dissolution--Cessation of corporate existence.
- §47-26-37 Copy of decree filed with secretary of state--Fee.
- §47-26-38 Disposition of undistributable assets--Unknown claimants--Deposit with state treasurer for subsequent payment.
- §47-26-39 Preexisting rights and claims unaffected by dissolution--Time for assertion--Protection of remedy.
- §47-26-40 Dissolution by expiration of period of duration--Extension of period of duration.
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