South Dakota Statutes
§ 47-26-8 — Adoption of plan by corporation having no members entitled to vote.
South Dakota § 47-26-8
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-26NONPROFIT CORPORATIONS--DISSOLUTION AND LIQUIDATION
This text of South Dakota § 47-26-8 (Adoption of plan by corporation having no 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 § 47-26-8 (2026).
Text
Where there are no members, or no members entitled to vote thereon, a plan of distribution shall be adopted at a meeting of the board of directors upon receiving the vote of a majority of the directors in office.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1965, ch 24, § 49 (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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-26-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-26-8.