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Code · South Dakota · Title 47 · Chapter 47-10

47-10-22. Nonstockholder members--Payment before dissolution of corporation.

29 words·~1 min read·/sd/title-47/chapter-47-10/47-10-22

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Upon dissolution of a corporation organized under this chapter, obligations due the nonstockholder members are to be paid in full before any payments are made to the stockholder members.
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