47-18-27. Dissolution as not impairing preexisting rights--Time limitation.
63 words·~1 min read·
/sd/title-47/chapter-47-18/47-18-27A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in §§ 47-18-17 to 47-18-22 , inclusive, the dissolution of a cooperative does not impair any remedy available to or against such cooperative, its directors, stockholders, or members for any claim existing or any liability incurred prior to such dissolution if a proceeding thereon is commenced within two years after the date of recording the certificate or decree of dissolution.