The provisions of §§ 47-1A-640 to 47-1A-640.4, inclusive, do not apply to distributions in liquidation under §§ 47-1A-1402 to 47-1A-1501, inclusive.
S.D. Codified Laws § 47-1A-640.5
Application of provisions in §§ 47-1A-640 to 47-1A-640.4
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, § 85.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.