S.D. Codified Laws § 47-1A-1520

Current through the 2024 Legislative Session

Section 47-1A-1520 - Withdrawal of foreign corporation

A foreign corporation authorized to transact business in this state may not withdraw from this state until it obtains a certificate of withdrawal from the Office of the Secretary of State. A foreign corporation authorized to transact business in this state may apply for a certificate of withdrawal by delivering an application to the secretary of state for filing. The application must set forth:

(1) The name of the foreign corporation and the name of the state or country under whose law it is incorporated;

(2) That it is not transacting business in this state and that it surrenders its authority to transact business in this state;

(3) That it revokes the authority of its registered agent to accept service on its behalf; and

(4) The address of the corporation's principal office.

After the withdrawal of the corporation is effective, service of process is perfected pursuant to § 47-1A-1510.

SDCL 47-1A-1520

SL 2005, ch 239, §363.