South Dakota § 47-18-15 Involuntary dissolution--Action by attorney general--Grounds for involuntary dissolution.

South Dakota Statutes

§ 47-18-15 — Involuntary dissolution--Action by attorney general--Grounds for involuntary dissolution.

South Dakota § 47-18-15

Title 47CORPORATIONS

Ch. 47-18COOPERATIVES--REORGANIZATION AND DISSOLUTION

This text of South Dakota § 47-18-15 (Involuntary dissolution--Action by attorney general--Grounds for involuntary dissolution.) 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 § 47-18-15 (2026).

Text

A cooperative may be dissolved involuntarily by a decree of the circuit court where the principal office or registered agent is located in an action commenced by the attorney general when it is established that:

(1)The cooperative's certificate of incorporation was procured through fraud; or (2) The cooperative has continued to exceed or abuse the authority conferred upon it by chapters 47-15 to 47-20 , inclusive; or (3) The cooperative failed to comply with a court order for the production of books, records, or other documents of the cooperative as provided in § 47-20-3 .

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A cooperative may be dissolved involuntarily by a decree of the circuit court where the principal office or registered agent is located in an action commenced by the attorney general when it is established that: (1) The cooperative's certificate of incorporation was procured through fraud; or (2) The cooperative has continued to exceed or abuse the authority conferred upon it by chapters 47-15 to 47-20 , inclusive; or (3) The cooperative failed to comply with a court order for the production of books, records, or other documents of the cooperative as provided in § 47-20-3 .