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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-1102.5 Property held in trust or for charitable purposes--Disposition by court order.
Universal Citation: SD Codified L § 47-1A-1102.5 (2019)
47-1A-1102.5. Property held in trust or for charitable purposes--Disposition by court order. Property held in trust or for charitable purposes under the laws of this state by a domestic or foreign eligible entity may not be diverted by a merger from the objects for which it was donated, granted, or devised, until the eligible entity obtains an order of circuit court specifying the disposition of the property to the extent required by and pursuant to § 55-9-4.
Source: SL 2005, ch 239, § 254.
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