Where there are no members, or no members entitled to vote thereon, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.
S.D. Codified Laws § 47-26-3
Dissolution by board of directors in corporation without members entitled to vote
Source: SL 1965, ch 24, § 47 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.