S.D. Codified Laws § 47-1A-1406.1

Current through the 2024 Legislative Session
Section 47-1A-1406.1 - Bar on known claims against dissolved corporation

A claim against the dissolved corporation is barred:

(1) If a claimant who was given written notice under § 47-1A-1406 does not deliver the claim to the dissolved corporation by the deadline; or
(2) If a claimant whose claim was rejected by the dissolved corporation does not commence a proceeding to enforce the claim within ninety days from the effective date of the rejection notice.

SDCL 47-1A-1406.1

SL 2005, ch 239, §319.