STATE STATUTES & CODES
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SOUTH DAKOTA STATUTES AND CODES
Chapter 26 - Nonprofit Corporations--Dissolution And Liquidation
- Section 47-26-1 - Procedure for dissolution.
- Section 47-26-2 - Vote of members--Meeting for vote--Notice of meeting--Contents of notice--Two-thirds vote required.
- Section 47-26-3 - Dissolution by board of directors in corporation without members entitled to vote.
- Section 47-26-4 - Resolution to dissolve--Cessation of business affairs--Notice of proposed dissolutionto creditors--Collection and distribution of assets.
- Section 47-26-5 - Manner of distribution of assets--Particular assets--Remaining assets.
- Section 47-26-6 - Plan for distribution of assets--Adoption of plan.
- Section 47-26-7 - Membership vote on plan--Meeting--Notice of meeting--Two-thirds vote required.
- Section 47-26-8 - Adoption of plan by corporation having no members entitled to vote.
- Section 47-26-9 - Articles of dissolution--Time for adoption--Contents.
- Section 47-26-10 - Delivery of articles to secretary of state--Endorsement and filing by secretary of state--Issuance of certificate of dissolution.
- Section 47-26-11 - Cessation of corporate existence--Exceptions.
- Section 47-26-12 - Revocation of dissolution action--Procedure.
- Section 47-26-13 - Revocation of dissolution resolution--Meeting--Notice of meeting--Two-thirds voterequired.
- Section 47-26-14 - Revocation in corporation having no members entitled to vote.
- Section 47-26-15 - Effect of adoption of revocation resolution.
- Section 47-26-16 - Involuntary dissolution by court decree--Action by attorney general--Grounds ofaction.
- Section 47-26-17 - Repealed.
- Section 47-26-18 - Repealed.
- Section 47-26-19 - Venue of attorney general's action--Service of process.
- Section 47-26-20 - Service by publication--Contents of publication--Newspaper of publication.
- Section 47-26-21 - Including several corporations in one notice--Mailing notice to corporation--Attorneygeneral's certificate of mailing--Number and time of publication--Time for default.
- Section 47-26-22 - Power of court in liquidation proceedings--Actions by member or director.
- Section 47-26-23 - Power of court in liquidation proceedings--Action by creditor.
- Section 47-26-24 - Power of court in liquidation proceedings--Application by corporation.
- Section 47-26-25 - Power of court in liquidation proceedings--Action by attorney general.
- Section 47-26-26 - Venue of actions.
- Section 47-26-27 - Proper parties to action.
- Section 47-26-28 - Preservation of corporate assets--Injunctions and receivers.
- Section 47-26-29 - Appointment of liquidating receiver--Authority of receiver--Order appointingreceiver.
- Section 47-26-30 - Disposition of assets resulting from sale of corporate property--Manner ofdistribution--Disposition of remaining assets.
- Section 47-26-31 - Expenses of liquidation--Compensation of receiver--Attorneys' fees.
- Section 47-26-32 - Capacity of receiver to sue and be sued--Jurisdiction of court.
- Section 47-26-33 - Qualifications of receiver--Bond.
- Section 47-26-34 - Claims of creditors--Proof of claim--Time for filing--Failure to file timely proofs.
- Section 47-26-35 - Discontinuance of liquidation proceedings--Redelivery of assets to corporation.
- Section 47-26-36 - Decree of involuntary dissolution--Cessation of corporate existence.
- Section 47-26-37 - Copy of decree filed with secretary of state--Fee.
- Sections 47-26-38, 47-26-39 - Disposition of undistributable assets--Unknown claimants--Deposit with state treasurer for subsequent payment. Preexisting rights and claims unaffected by dissolution--Ti
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