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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 26 - Nonprofit Corporations--Dissolution And Liquidation
§ 47-26-8 Adoption of plan by corporation having no members entitled to vote.
Universal Citation: SD Codified L § 47-26-8 (2018)
47-26-8. Adoption of plan by corporation having no members entitled to vote. Where there are no members, or no members entitled to vote thereon, a plan of distribution shall be adopted at a meeting of the board of directors upon receiving the vote of a majority of the directors in office.
Source: SL 1965, ch 24, ยง 49 (2).
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