South Dakota § 47-18-11 Voluntary dissolution--Notice and approval.

South Dakota Statutes

§ 47-18-11 — Voluntary dissolution--Notice and approval.

South Dakota § 47-18-11

Title 47CORPORATIONS

Ch. 47-18COOPERATIVES--REORGANIZATION AND DISSOLUTION

This text of South Dakota § 47-18-11 (Voluntary dissolution--Notice and approval.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 47-18-11 (2026).

Text

At any member meeting of a cooperative, whether or not a quorum is present, a cooperative may dissolve if:

(1)Notice that a resolution for dissolution will be considered and acted upon has been given to all members and to all other persons entitled by the articles to vote thereon pursuant to resolution adopted by the board of directors, and (2) Such resolution is adopted by members holding three - fourths of the member votes cast thereon. The articles may permit stockholders to vote on the resolution for dissolution.

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At any member meeting of a cooperative, whether or not a quorum is present, a cooperative may dissolve if: (1) Notice that a resolution for dissolution will be considered and acted upon has been given to all members and to all other persons entitled by the articles to vote thereon pursuant to resolution adopted by the board of directors, and (2) Such resolution is adopted by members holding three - fourths of the member votes cast thereon. The articles may permit stockholders to vote on the resolution for dissolution.