South Dakota § 47-22-72 Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation.

South Dakota Statutes

§ 47-22-72 — Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation.

South Dakota·Title 47 CORPORATIONS·Ch. 47-22 NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS

Notwithstanding § 47-22-69 , the fact that a corporation is without capacity or power to do an act or to make or receive a conveyance or transfer of real or personal property may be asserted in a proceeding by the attorney general, as provided in chapter 47-26 , to dissolve the corporation, or in a proceeding by the attorney general to enjoin the corporation from performing unauthorized acts, or in any other proceeding by the attorney general.

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Notwithstanding § 47-22-69 , the fact that a corporation is without capacity or power to do an act or to make or receive a conveyance or transfer of real or personal property may be asserted in a proceeding by the attorney general, as provided in chapter 47-26 , to dissolve the corporation, or in a proceeding by the attorney general to enjoin the corporation from performing unauthorized acts, or in any other proceeding by the attorney general.

South Dakota § 47-22-72 (Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.