<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-18-16.3 - Administrative dissolution of cooperative. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2069072Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2069072SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069072CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2069072Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2069072DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2069072Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2069072000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2069072SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2069072SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2069072Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-18-16.3"><span class="s2069072SENU">47-18-16.3</span></a><span xml:space="preserve" class="s2069072SENU">. </span><span class="s2069072CL">Administrative dissolution of cooperative.</span></p><p dir="ltr" class="s2069072Normal-000000"><span xml:space="preserve" class="s2069072DefaultParagraphFont">The secretary of state may commence a proceeding under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-18-16.4"><span class="s2069072DefaultParagraphFont">47-18-16.4</span></a><span xml:space="preserve" class="s2069072DefaultParagraphFont"> to administratively dissolve a cooperative if:</span></p><p dir="ltr" class="s2069072Normal-000001"><span xml:space="preserve" class="s2069072DefaultParagraphFont">(1)    The cooperative does not pay within sixty days after they are due any fees or penalties imposed by chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-15"><span class="s2069072DefaultParagraphFont">47-15</span></a><span xml:space="preserve" class="s2069072DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-20"><span class="s2069072DefaultParagraphFont">47-20</span></a><span class="s2069072DefaultParagraphFont">, inclusive, or other law;</span></p><p dir="ltr" class="s2069072Normal-000001"><span class="s2069072DefaultParagraphFont">(2)    The cooperative does not deliver its annual report to the secretary of state within sixty days after it is due;</span></p><p dir="ltr" class="s2069072Normal-000001"><span class="s2069072DefaultParagraphFont">(3)    The cooperative is without a registered agent or registered office in this state for sixty days or more;</span></p><p dir="ltr" class="s2069072Normal-000001"><span class="s2069072DefaultParagraphFont">(4)    The cooperative does not notify the secretary of state within sixty days that its registered agent has been changed or that its registered agent has resigned; or</span></p><p dir="ltr" class="s2069072Normal-000001"><span class="s2069072DefaultParagraphFont">(5)    The cooperative's period of duration stated in its articles of incorporation expires.</span></p><p dir="ltr" class="s2069072Normal"><span xml:space="preserve" class="s2069072000002"> </span></p><p dir="ltr" class="s2069072Normal"><span class="s2069072SCL">Source:</span><span xml:space="preserve" class="s2069072SCL-000003"> SL 1989, ch 390, § 7; SL 2008, ch 275, § 58.</span></p></div></body></html>