It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually.
S.D. Codified Laws § 47-1A-1431.1
Shareholders as parties
Known as the South Dakota Business Corporation Act
The act spans §§ 47-1A-1001 to 47-1A-957 (383 sections).
Source: SL 2005, ch 239, § 333.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.