South Dakota Statutes
§ 47-26-31 — Expenses of liquidation--Compensation of receiver--Attorneys' fees.
South Dakota § 47-26-31
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-26NONPROFIT CORPORATIONS--DISSOLUTION AND LIQUIDATION
This text of South Dakota § 47-26-31 (Expenses of liquidation--Compensation of receiver--Attorneys' fees.) 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 § 47-26-31 (2026).
Text
The court in proceedings to liquidate the assets and affairs of a corporation shall have power to allow, from time to time, as expenses of the liquidation, compensation to the receiver or receivers and to attorneys in the proceeding, and to direct the payment thereof out of the assets of the corporation or the proceeds of any sale or disposition of such assets.
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Related
Wipf v. Hutterville Hutterian Brethren, Inc.
2013 SD 49 (South Dakota Supreme Court, 2013)
Legislative History
SL 1965, ch 24, § 57.
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-26-31, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-26-31.