In proceedings to liquidate the assets and affairs of a corporation the court shall have power to issue injunctions, to appoint a receiver or receivers pendente lite, with such powers and duties as the court, from time to time, may direct, and to take such other proceedings as may be required to preserve the corporate assets wherever situated, and carry on the affairs of the corporation until a full hearing can be had.
S.D. Codified Laws § 47-26-28
Preservation of corporate assets--Injunctions and receivers
Applied in 1 court decision — leading case Wipf v. Hutterville Hutterian Brethren, Inc. (2012)
Most recently applied in Wipf v. Hutterville Hutterian Brethren, Inc. (January 2012)
Source: SL 1965, ch 24, § 57.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.