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

Abandonment of transfer plan after vote of members--Rights of third parties.

SDCL § 47-25-27
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-25-27. Abandonment of transfer plan after vote of members--Rights of third parties. After authorization by a vote of members pursuant to § 47-25-26, the board of directors, nevertheless, in its discretion, may abandon a sale, lease, exchange, mortgage, pledge, or other disposition of assets described in § 47-25-24, subject to the rights of third parties under any contracts relating thereto, without further action or approval by members. SL 1965, ch 24, § 46 (1).
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-25-27Fetched: 10/20/2026

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