South Dakota Statutes
§ 47-16-37 — Approval of court required for termination of action.
An action instituted or maintained in the right of any association by any member or stockholder shall not be dismissed or compromised without the approval of the court.
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South Dakota § 47-16-37 (Approval of court required for termination of action.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SDC 1939, § 11.1153 (2) as enacted by SL 1965, ch 23, § 1.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
Powers of corporations.