Upon entry of an order under § 47-1A-1434.2 or 47-1A-1434.4, the court shall dismiss the petition to dissolve the corporation under § 47-1A-1430, and the petitioning shareholder no longer has any rights or status as a shareholder of the corporation, except the right to receive the amounts awarded by the order of the court which shall be enforceable in the same manner as any other judgment.
S.D. Codified Laws § 47-1A-1434.5
Dismissal of petition to dissolve corporation
Known as the South Dakota Business Corporation Act
The act spans §§ 47-1A-1001 to 47-1A-957 (383 sections).
Applied in 1 court decision — leading case Link v. L.S.I., Inc. (2010)
Most recently applied in Link v. L.S.I., Inc. (December 2010)
Source: SL 2005, ch 239, § 343.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.