Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 26 - NONPROFIT CORPORATIONS-DISSOLUTION AND LIQUIDATION
Section 47-26-8 - Adoption of plan by corporation having no members entitled to vote

S.D. Codified Laws § 47-26-8

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Current through the 2024 Legislative Session
Section 47-26-8 - Adoption of plan by corporation having no members entitled to vote

Where there are no members, or no members entitled to vote thereon, a plan of distribution shall be adopted at a meeting of the board of directors upon receiving the vote of a majority of the directors in office.

SDCL 47-26-8

SL 1965, ch 24, § 49 (2).