South Dakota Statutes
§ 21-21-3 — Receivership where corporation dissolved, insolvent or unable to function.
A receiver may be appointed by the court in which an action is pending, or by the judge thereof, in the cases where a corporation has been dissolved, or is insolvent, or is in imminent danger of insolvency, or has forfeited its corporate rights; or is unable to exercise its corporate functions because of continued dissension between or neglect by its stockholders, directors and officers.
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South Dakota § 21-21-3 (Receivership where corporation dissolved, insolvent or unable to function.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Case v. Murdock
528 N.W.2d 386 (South Dakota Supreme Court, 1995)
Wipf v. Hutterville Hutterian Brethren, Inc.
2013 SD 49 (South Dakota Supreme Court, 2013)
Compeer Financial, PCA v. Sunwold Farms, Inc.
(D. South Dakota, 2025)
Legislative History
CCivP 1877, § 219, subdiv 5; CL 1887, § 5015, subdiv 5; RCCivP 1903, § 227, subdiv 5; RC 1919, § 2475 (5); SDC 1939 & Supp 1960, § 37.2601 (5).
Nearby Sections
15
§ 21-1-11
Repealed§ 21-1-13
Repealed§ 21-1-13.2
Application of interest statutes.§ 21-1-14
Liability of issuer of bad check for collection costs--Costs included in restitution award.§ 21-1-15
Definitions.§ 21-1-3
Damages to be reasonable.