Find Laws Find Lawyers Free Legal Forms USA State Laws
Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 18 - Cooperatives--Reorganization And Dissolution > Section 47-18-12 - Liquidation of assets--Distribution of proceeds.

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Section 47-18-12 - Liquidation of assets--Distribution of proceeds.

47-18-12. Liquidation of assets--Distribution of proceeds. When the resolution for dissolution of a cooperative is adopted, either a committee designated by the resolution or the board of directors shall liquidate all assets and pay the net proceeds of such liquidation available for distribution to all persons entitled to the same by law, the articles and the bylaws.

Source: SDC 1939, § 11.1143 (2) as enacted by SL 1965, ch 23, § 1.

South Dakota Forms by Issue

South Dakota Court Forms
> Personal Protection
South Dakota Divorce Forms
South Dakota Family Forms
South Dakota Name Change Forms
South Dakota Parental Notification Forms

South Dakota Law

South Dakota State Laws
    > South Dakota Child Support
    > South Dakota Gun Laws
    > South Dakota Statute
South Dakota Tax
    > South Dakota State Tax
South Dakota Agencies
    > South Dakota Department of Labor

South Dakota Court Map

Tips