South Dakota Statutes
§ 47-26-3 — Dissolution by board of directors in corporation without members entitled to vote.
South Dakota § 47-26-3
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-26NONPROFIT CORPORATIONS--DISSOLUTION AND LIQUIDATION
This text of South Dakota § 47-26-3 (Dissolution by board of directors in corporation without members entitled to vote.) 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 § 47-26-3 (2026).
Text
Where there are no members, or no members entitled to vote thereon, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.
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Legislative History
SL 1965, ch 24, § 47 (2).
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-26-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-26-3.