South Dakota Statutes
§ 47-26-35 — Discontinuance of liquidation proceedings--Redelivery of assets to corporation.
South Dakota § 47-26-35
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-26NONPROFIT CORPORATIONS--DISSOLUTION AND LIQUIDATION
This text of South Dakota § 47-26-35 (Discontinuance of liquidation proceedings--Redelivery of assets to corporation.) 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 § 47-26-35 (2026).
Text
The liquidation of the assets and affairs of a corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In such event the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and 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, § 60.
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-26-35, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-26-35.