47-1A-1403Articles of dissolution--Content--Filing--Effective date.

At any time after dissolution is authorized, the corporation may dissolve by delivering to the Office of the Secretary of State for filing articles of dissolution setting forth:

(1)    The name of the corporation;

(2)    The date dissolution was authorized; and

(3)    If dissolution was approved by the shareholders, a statement that the proposal to dissolve was duly approved by the shareholders in the manner required by this chapter and by the articles of incorporation.

A corporation is dissolved upon the effective date of its articles of dissolution.

Source: SL 2005, ch 239, § 313.




SDLRC - Codified Law 47-1A-1403 - Articles of dissolution--Content--Filing--Effective date.

47-1A-1403.1Dissolved corporation defined.

For purposes of §§ 47-1A-1401 to 47-1A-1409, inclusive, the term, dissolved corporation, means a corporation whose articles of dissolution have become effective and includes a successor entity to which the remaining assets of the corporation are transferred subject to its liabilities for purposes of liquidation.

Source: SL 2005, ch 239, § 314.