2012 South Dakota Codified Laws
Title 47 CORPORATIONS
Chapter 26. Nonprofit Corporations--Dissolution And Liquidation
§47-26-25 Power of court in liquidation proceedings--Action by attorney general.


SD Codified L § 47-26-25 (through 2012) What's This?


47-26-25. Power of court in liquidation proceedings--Action by attorney general. Courts of equity shall have full power to liquidate the assets and affairs of a corporation when an action has been filed by the attorney general to dissolve a corporation and it is established that liquidation of its affairs should precede the entry of a decree of dissolution.

Source: SL 1965, ch 24, § 56 (4).

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