For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Plan for distribution of assets--Adoption of plan.

SDCL § 47-26-6
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-26-6. Plan for distribution of assets--Adoption of plan. A plan providing for the distribution of assets, not inconsistent with the provisions of chapters 47-22 to 47-28, inclusive, may be adopted by a corporation in the process of dissolution and shall be adopted by a corporation for the purpose of authorizing any transfer or conveyance of assets for which this chapter requires a plan of distribution, in the manner provided by §§ 47-26-7 and 47-26-8. SL 1965, ch 24, § 49.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-26-6Fetched: 10/20/2026

Starting a business in South Dakota? South Dakota LLC guide: costs and requirements