South Dakota § 47-1A-1433 Decree of dissolution.

South Dakota Statutes

§ 47-1A-1433 — Decree of dissolution.

South Dakota·Title 47 CORPORATIONS·Ch. 47-1 SOUTH DAKOTA BUSINESS CORPORATION ACT

If after a hearing the court determines that one or more grounds for judicial dissolution described in § 47-1A-1430 exist, the court may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the Office of the Secretary of State, who shall file it. After entering the decree of dissolution, the court shall direct the winding-up and liquidation of the corporation's business and affairs in accordance with §§ 47-1A-1405 and 47-1A-1405.1 and the notification of claimants in accordance with §§ 47-1A-1406 to 47-1A-1406.2 , inclusive, and 47-1A-1407 to 47-1A-1407.2 , inclusive.

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If after a hearing the court determines that one or more grounds for judicial dissolution described in § 47-1A-1430 exist, the court may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the Office of the Secretary of State, who shall file it. After entering the decree of dissolution, the court shall direct the winding-up and liquidation of the corporation's business and affairs in accordance with §§ 47-1A-1405 and 47-1A-1405.1 and the notification of claimants in accordance with §§ 47-1A-1406 to 47-1A-1406.2 , inclusive, and 47-1A-1407 to 47-1A-1407.2 , inclusive.

South Dakota § 47-1A-1433 (Decree of dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.