Nonprofit Corporations Dissolution And Liquidation

  1. Law
  2. South Dakota Codified Laws
  3. Corporations
  4. Nonprofit Corporations Dissolution And Liquidation

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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 dissolution to 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
47-26-6.1

Notice to attorney general.

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 vote required.

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 of action.

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Repealed.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Repealed.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--Attorney general'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 appointing receiver.

Section
47-26-30

Disposition of assets resulting from sale of corporate property--Manner of distribution--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.

Section
47-26-38

Disposition of undistributable assets--Unknown claimants--Deposit with state treasurer for subsequent payment.

Section
47-26-39

Preexisting rights and claims unaffected by dissolution--Time for assertion--Protection of remedy.

Section
47-26-40

Dissolution by expiration of period of duration--Extension of period of duration.