South Dakota § 47-18-18 Power and authority of court--Appointment of receiver.

South Dakota Statutes

§ 47-18-18 — Power and authority of court--Appointment of receiver.

South Dakota § 47-18-18

Title 47CORPORATIONS

Ch. 47-18COOPERATIVES--REORGANIZATION AND DISSOLUTION

This text of South Dakota § 47-18-18 (Power and authority of court--Appointment of receiver.) 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 § 47-18-18 (2026).

Text

Upon the filing of any action under § 47-18-17 , the court acquires exclusive jurisdiction of all matter pertaining to the liquidation of such cooperative and the distribution of its assets to persons entitled thereto and may determine and order paid the expense of such liquidation proceedings. The court has power to issue injunctions, appoint receivers with such duties and powers as the court may direct, and take any other action necessary to the cooperative's liquidation. A receiver appointed in such proceeding has authority to sue and be sued as receiver for the cooperative.

Free access — add to your briefcase to read the full text and ask questions with AI

Upon the filing of any action under § 47-18-17 , the court acquires exclusive jurisdiction of all matter pertaining to the liquidation of such cooperative and the distribution of its assets to persons entitled thereto and may determine and order paid the expense of such liquidation proceedings. The court has power to issue injunctions, appoint receivers with such duties and powers as the court may direct, and take any other action necessary to the cooperative's liquidation. A receiver appointed in such proceeding has authority to sue and be sued as receiver for the cooperative.