Courts of equity shall have full power to liquidate the assets and affairs of a corporation upon application by a corporation to have its dissolution continued under the supervision of the court.
S.D. Codified Laws § 47-26-24
Power of court in liquidation proceedings--Application by corporation
Source: SL 1965, ch 24, § 56 (3).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.