South Dakota Statutes
§ 47-1A-1420 — Grounds for administrative dissolution.
The Office of the Secretary of State may commence a proceeding under § 47-1A-1421 to administratively dissolve a corporation if:
(1)The corporation does not pay within sixty days after they are due any filing fees or penalties imposed by this chapter or other law;
(2)The corporation does not deliver its annual report to the Office of the Secretary of State within sixty days after it is due;
(3)The corporation is without a registered agent in this state for sixty days or more;
(4)The corporation does not notify the Office of the Secretary of State within sixty days that its registered agent has been changed or that its registered agent has resigned; or (5) The corporation's period of duration stated in its articles of incorporation expires.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 47-1A-1420 (Grounds for administrative dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2005, ch 239, § 327; SL 2008, ch 275, § 41.
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Repealed§ 47-1-3
Repealed§ 47-10-1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.