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

Authorization for transfer in corporation having no members entitled to vote.

SDCL § 47-25-28
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-25-28. Authorization for transfer in corporation having no members entitled to vote. Where there are no members, or no members entitled to vote thereon, a sale, lease, exchange, mortgage, pledge, or other disposition of all, or substantially all, the property and assets of a corporation shall be authorized upon receiving the vote of a majority of the directors in office. SL 1965, ch 24, § 46 (2).
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-25-28Fetched: 10/20/2026

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