State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-26 > Statute-47-26-35

47-26-35. Discontinuance of liquidation proceedings--Redelivery of assets to corporation. The liquidation of the assets and affairs of a corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In such event the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and assets.

Source: SL 1965, ch 24, § 60.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-26 > Statute-47-26-35

47-26-35. Discontinuance of liquidation proceedings--Redelivery of assets to corporation. The liquidation of the assets and affairs of a corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In such event the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and assets.

Source: SL 1965, ch 24, § 60.