§ 47-24-13.1 Administrative dissolution.

SD Codified L § 47-24-13.1 (2019) (N/A)
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47-24-13.1. Administrative dissolution. The secretary of state may commence a proceeding under § 47-24-13.2 to administratively dissolve a corporation if:

(1) The corporation does not pay within sixty days after they are due any fees or penalties imposed by chapters 47-22 to 47-28, inclusive, or other law;

(2) The corporation does not deliver its annual report to the secretary of state within sixty days after it is due;

(3) The corporation is without a registered agent in this state for sixty days or more;

(4) The corporation does not notify the secretary of state within sixty days that its registered agent has been changed or that its registered agent has resigned; or

(5) The corporation's period of duration stated in its articles of incorporation expires.Source: SL 1989, ch 393, § 21; SL 2008, ch 275, § 66.