S.D. Codified Laws § 47-18-12
Current with legislation signed by the governor on or before 3/6/2024
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.
SDCL 47-18-12