South Dakota § 47-1A-1407.1 Time for bringing action to enforce claim against dissolved corporation after notice publication.

South Dakota Statutes

§ 47-1A-1407.1 — Time for bringing action to enforce claim against dissolved corporation after notice publication.

South Dakota § 47-1A-1407.1

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-1407.1 (Time for bringing action to enforce claim against dissolved corporation after notice publication.) 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 § 47-1A-1407.1 (2026).

Text

If the dissolved corporation publishes a newspaper notice in accordance with § 47-1A-1407 , the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within three years after the publication date of the newspaper notice:

(1)A claimant who was not given written notice under §§ 47-1A-1406 to 47-1A-1406.2 , inclusive;

(2)A claimant whose claim was timely sent to the dissolved corporation but not acted on;

(3)A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution.

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If the dissolved corporation publishes a newspaper notice in accordance with § 47-1A-1407 , the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within three years after the publication date of the newspaper notice: (1) A claimant who was not given written notice under §§ 47-1A-1406 to 47-1A-1406.2 , inclusive; (2) A claimant whose claim was timely sent to the dissolved corporation but not acted on; (3) A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution.