South Dakota Statutes
§ 47-26-16 — Involuntary dissolution by court decree--Action by attorney general--Grounds of action.
South Dakota § 47-26-16
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-26NONPROFIT CORPORATIONS--DISSOLUTION AND LIQUIDATION
This text of South Dakota § 47-26-16 (Involuntary dissolution by court decree--Action by attorney general--Grounds of action.) 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 § 47-26-16 (2026).
Text
The provisions of § 47-24-13.1 notwithstanding, a corporation may be dissolved involuntarily by a decree of the circuit court in an action filed by the attorney general if it is established that:
(1)The corporation procured its articles of incorporation through fraud; or (2) The corporation has continued to exceed or abuse the authority conferred upon it by law.
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Related
Forest Home Cemetery Ass'n v. Dardanella Financial Corp.
329 N.W.2d 885 (South Dakota Supreme Court, 1983)
Legislative History
SL 1965, ch 24, § 53; SL 1967, ch 14, § 1; SL 1989, ch 393, § 31.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
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Bluebook (online)
South Dakota § 47-26-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-26-16.