S.D. Codified Laws § 47-22-72

Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation

Year: 2025Length: 85 wordsOfficial source
Notwithstanding § 47-22-69 , the fact that a corporation is without capacity or power to do an act or to make or receive a conveyance or transfer of real or personal property may be asserted in a proceeding by the attorney general, as provided in chapter 47-26 , to dissolve the corporation, or in a proceeding by the attorney general to enjoin the corporation from performing unauthorized acts, or in any other proceeding by the attorney general. Source: SL 1965, ch 24, § 6 (3).
S.D. Codified Laws § 47-22-72: Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation | Justis AI