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Code · South Dakota · Title 51 · Chapter 51-15

51A-15-44. Accounting by director or receivers after liquidation--Cancellation of charter--Order and certificate of dissolution.

79 words·~1 min read·/sd/title-51/chapter-51-15/51a-15-44·

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When the assets have been distributed in accordance with this chapter, the director or receiver shall file an account with the circuit court. Upon approval thereof, the director or receiver shall be relieved of liability in connection with the liquidation and the court shall cancel the charter and enter an order of dissolution. The filing of a certified copy of such order with the secretary of state shall be deemed authority for the issuance of a certificate of dissolution.
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