South Dakota § 47-26-28 Preservation of corporate assets--Injunctions and receivers.

South Dakota Statutes

§ 47-26-28 — Preservation of corporate assets--Injunctions and receivers.

South Dakota § 47-26-28

Title 47CORPORATIONS

Ch. 47-26NONPROFIT CORPORATIONS--DISSOLUTION AND LIQUIDATION

This text of South Dakota § 47-26-28 (Preservation of corporate assets--Injunctions and receivers.) 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 § 47-26-28 (2026).

Text

In proceedings to liquidate the assets and affairs of a corporation the court shall have power to issue injunctions, to appoint a receiver or receivers pendente lite, with such powers and duties as the court, from time to time, may direct, and to take such other proceedings as may be required to preserve the corporate assets wherever situated, and carry on the affairs of the corporation until a full hearing can be had.

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In proceedings to liquidate the assets and affairs of a corporation the court shall have power to issue injunctions, to appoint a receiver or receivers pendente lite, with such powers and duties as the court, from time to time, may direct, and to take such other proceedings as may be required to preserve the corporate assets wherever situated, and carry on the affairs of the corporation until a full hearing can be had.