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Code · South Dakota · Title 47 · Chapter 47-26

47-26-6. Plan for distribution of assets--Adoption of plan.

68 words·~1 min read·/sd/title-47/chapter-47-26/47-26-6

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A plan providing for the distribution of assets, not inconsistent with the provisions of chapters 47-22 to 47-28 , inclusive, may be adopted by a corporation in the process of dissolution and shall be adopted by a corporation for the purpose of authorizing any transfer or conveyance of assets for which this chapter requires a plan of distribution, in the manner provided by §§ 47-26-7 and 47-26-8 .
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