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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 16 - Cooperatives--Membership, Stock And Distributions > Section 47-16-37 - Approval of court required for termination of action.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-16-37 - Approval of court required for termination of action.

47-16-37. Approval of court required for termination of action. An action instituted or maintained in the right of any association by any member or stockholder shall not be dismissed or compromised without the approval of the court.

Source: SDC 1939, § 11.1153 (2) as enacted by SL 1965, ch 23, § 1.

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