Bar on known claims against dissolved corporation.
SDCL § 47-1A-1406.1
in effect47-1A-1406.1. Bar on known claims against dissolved corporation.
A claim against the dissolved corporation is barred:
(1) If a claimant who was given written notice under § 47-1A-1406 does not deliver the claim to the dissolved corporation by the deadline; or
(2) If a claimant whose claim was rejected by the dissolved corporation does not commence a proceeding to enforce the claim within ninety days from the effective date of the rejection notice.
SL 2005, ch 239, § 319.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-1406.1Fetched: 10/20/2026