South Dakota Codified Laws
Title 47 - Corporations
Chapter 26 - Nonprofit Corporations--Dissolution And Liquidation

Section 47-26-1 - Procedure for dissolution. - 47-26-1. Procedure for dissolution. A corporation may dissolve and wind...

Section 47-26-2 - Vote of members--Meeting for vote--Notice of meeting--Contents of notice--Two-thirds vote required. - 47-26-2. Vote of members--Meeting for vote--Notice of meeting--Contents of notice--Two-thirds...

Section 47-26-3 - Dissolution by board of directors in corporation without members entitled to vote. - 47-26-3. Dissolution by board of directors in corporation without members...

Section 47-26-4 - Resolution to dissolve--Cessation of business affairs--Notice of proposed dissolution to creditors--Collection and distribution of assets. - 47-26-4. Resolution to dissolve--Cessation of business affairs--Notice of proposed dissolution...

Section 47-26-5 - Manner of distribution of assets--Particular assets--Remaining assets. - 47-26-5. Manner of distribution of assets--Particular assets--Remaining assets. The assets...

Section 47-26-6 - Plan for distribution of assets--Adoption of plan. - 47-26-6. Plan for distribution of assets--Adoption of plan. A plan...

Section 47-26-6.1 - Notice to attorney general. - 47-26-6.1. Notice to attorney general. At least ten days prior...

Section 47-26-7 - Membership vote on plan--Meeting--Notice of meeting--Two-thirds vote required. - 47-26-7. Membership vote on plan--Meeting--Notice of meeting--Two-thirds vote required. Where...

Section 47-26-8 - Adoption of plan by corporation having no members entitled to vote. - 47-26-8. Adoption of plan by corporation having no members entitled...

Section 47-26-9 - Articles of dissolution--Time for adoption--Contents. - 47-26-9. Articles of dissolution--Time for adoption--Contents. If voluntary dissolution proceedings...

Section 47-26-10 - Delivery of articles to secretary of state--Endorsement and filing by secretary of state--Issuance of certificate of dissolution. - 47-26-10. Delivery of articles to secretary of state--Endorsement and filing...

Section 47-26-11 - Cessation of corporate existence--Exceptions. - 47-26-11. Cessation of corporate existence--Exceptions. Upon the issuance of a...

Section 47-26-12 - Revocation of dissolution action--Procedure. - 47-26-12. Revocation of dissolution action--Procedure. A corporation may, at any...

Section 47-26-13 - Revocation of dissolution resolution--Meeting--Notice of meeting--Two-thirds vote required. - 47-26-13. Revocation of dissolution resolution--Meeting--Notice of meeting--Two-thirds vote required. Where...

Section 47-26-14 - Revocation in corporation having no members entitled to vote. - 47-26-14. Revocation in corporation having no members entitled to vote....

Section 47-26-15 - Effect of adoption of revocation resolution. - 47-26-15. Effect of adoption of revocation resolution. Upon the adoption...

Section 47-26-16 - Involuntary dissolution by court decree--Action by attorney general--Grounds of action. - 47-26-16. Involuntary dissolution by court decree--Action by attorney general--Grounds of...

Section 47-26-19 - Venue of attorney general's action--Service of process. - 47-26-19. Venue of attorney general's action--Service of process. Every action...

Section 47-26-20 - Service by publication--Contents of publication--Newspaper of publication. - 47-26-20. Service by publication--Contents of publication--Newspaper of publication. If process...

Section 47-26-21 - Including several corporations in one notice--Mailing notice to corporation--Attorney general's certificate of mailing--Number and time of publication--Time for default. - 47-26-21. Including several corporations in one notice--Mailing notice to corporation--Attorney...

Section 47-26-22 - Power of court in liquidation proceedings--Actions by member or director. - 47-26-22. Power of court in liquidation proceedings--Actions by member or...

Section 47-26-23 - Power of court in liquidation proceedings--Action by creditor. - 47-26-23. Power of court in liquidation proceedings--Action by creditor. Courts...

Section 47-26-24 - Power of court in liquidation proceedings--Application by corporation. - 47-26-24. Power of court in liquidation proceedings--Application by corporation. Courts...

Section 47-26-25 - Power of court in liquidation proceedings--Action by attorney general. - 47-26-25. Power of court in liquidation proceedings--Action by attorney general....

Section 47-26-26 - Venue of actions. - 47-26-26. Venue of actions. Proceedings under §§47-26-22 to 47-26-25, inclusive,...

Section 47-26-27 - Proper parties to action. - 47-26-27. Proper parties to action. It shall not be necessary...

Section 47-26-28 - Preservation of corporate assets--Injunctions and receivers. - 47-26-28. Preservation of corporate assets--Injunctions and receivers. In proceedings to...

Section 47-26-29 - Appointment of liquidating receiver--Authority of receiver--Order appointing receiver. - 47-26-29. Appointment of liquidating receiver--Authority of receiver--Order appointing receiver. After...

Section 47-26-30 - Disposition of assets resulting from sale of corporate property--Manner of distribution--Disposition of remaining assets. - 47-26-30. Disposition of assets resulting from sale of corporate property--Manner...

Section 47-26-31 - Expenses of liquidation--Compensation of receiver--Attorneys' fees. - 47-26-31. Expenses of liquidation--Compensation of receiver--Attorneys' fees. The court in...

Section 47-26-32 - Capacity of receiver to sue and be sued--Jurisdiction of court. - 47-26-32. Capacity of receiver to sue and be sued--Jurisdiction of...

Section 47-26-33 - Qualifications of receiver--Bond. - 47-26-33. Qualifications of receiver--Bond. A receiver shall in all cases...

Section 47-26-34 - Claims of creditors--Proof of claim--Time for filing--Failure to file timely proofs. - 47-26-34. Claims of creditors--Proof of claim--Time for filing--Failure to file...

Section 47-26-35 - Discontinuance of liquidation proceedings--Redelivery of assets to corporation. - 47-26-35. Discontinuance of liquidation proceedings--Redelivery of assets to corporation. The...

Section 47-26-36 - Decree of involuntary dissolution--Cessation of corporate existence. - 47-26-36. Decree of involuntary dissolution--Cessation of corporate existence. In proceedings...

Section 47-26-37 - Copy of decree filed with secretary of state--Fee. - 47-26-37. Copy of decree filed with secretary of state--Fee. In...

Section 47-26-38 - Disposition of undistributable assets--Unknown claimants--Deposit with state treasurer for subsequent payment. - 47-26-38. Disposition of undistributable assets--Unknown claimants--Deposit with state treasurer for...

Section 47-26-39 - Preexisting rights and claims unaffected by dissolution--Time for assertion--Protection of remedy. - 47-26-39. Preexisting rights and claims unaffected by dissolution--Time for assertion--Protection...

Section 47-26-40 - Dissolution by expiration of period of duration--Extension of period of duration. - 47-26-40. Dissolution by expiration of period of duration--Extension of period...