47-26-11. Cessation of corporate existence--Exceptions.
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/sd/title-47/chapter-47-26/47-26-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon the issuance of a certificate of dissolution pursuant to § 47-26-10 the existence of the corporation shall cease, except for the purpose of suits, other proceedings and appropriate corporate action by members, directors, and officers as provided in this chapter.