South Dakota Codified Laws 36-21A-39. Dissolution of corporation, partnership, limited liability company, or association–Notification
Current as of: 2023 | Check for updates
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Upon dissolution of a corporation, partnership, limited liability company, or association, the responsible broker shall notify the commission within ten days by mail or e-mail.
Terms Used In South Dakota Codified Laws 36-21A-39
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Source: SL 1992, ch 273, § 39; SL 1996, ch 236, § 3; SL 2011, ch 180, § 4; SL 2022, ch 152, § 1.