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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-1406 Known claims against dissolved corporation.
Universal Citation: SD Codified L § 47-1A-1406 (2018)
47-1A-1406. Known claims against dissolved corporation. A dissolved corporation may dispose of the known claims against it by notifying its known claimants in writing of the dissolution at any time after its effective date. The written notice must:
(1) Describe information that must be included in a claim;
(2) Provide a mailing address where a claim may be sent;
(3) State the deadline, which may not be fewer than one hundred twenty days from the effective date of the written notice, by which the dissolved corporation must receive the claim; and
(4) State that the claim will be barred if not received by the deadline.
Source: SL 2005, ch 239, ยง 318.
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