Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 26 - NONPROFIT CORPORATIONS-DISSOLUTION AND LIQUIDATION
Section 47-26-3 - Dissolution by board of directors in corporation without members entitled to vote

S.D. Codified Laws § 47-26-3

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Current through the 2024 Legislative Session
Section 47-26-3 - Dissolution by board of directors in corporation without members entitled to vote

Where there are no members, or no members entitled to vote thereon, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.

SDCL 47-26-3

SL 1965, ch 24, § 47 (2).