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2017 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 18 - Cooperatives--Reorganization And Dissolution
§ 47-18-27 Dissolution as not impairing preexisting rights--Time limitation.
Universal Citation: SD Codified L § 47-18-27 (2017)
47-18-27. Dissolution as not impairing preexisting rights--Time limitation. Except as provided in §§ 47-18-17 to 47-18-22, inclusive, the dissolution of a cooperative does not impair any remedy available to or against such cooperative, its directors, stockholders, or members for any claim existing or any liability incurred prior to such dissolution if a proceeding thereon is commenced within two years after the date of recording the certificate or decree of dissolution.
Source: SDC 1939, § 11.1148 as enacted by SL 1965, ch 23, § 1.
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