Grounds for administrative dissolution
Known as the South Dakota Limited Liability Company Act
The act spans §§ 47–47 (113 sections).
Applied in 1 court decision — leading case Dittus v. Black Hills Care & Rehab and Avantara (2024)
Most recently applied in Dittus v. Black Hills Care & Rehab and Avantara (December 2024)
Source: SL 1998, ch 272, § 809.
The secretary of state may commence a proceeding to dissolve a limited liability company administratively if the company does not:
(1) Pay any fees, taxes, or penalties imposed by this chapter or other law within sixty days after they are due; or
(2) Deliver its annual report to the secretary of state within sixty days after it is due.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.