South Dakota Codified Laws 47-1A-1407. Other claims against dissolved corporation–Publication of notice of dissolution
A dissolved corporation may also publish notice of its dissolution and request that persons with claims against the dissolved corporation present them in accordance with the notice. The notice must:
(1) Be published one time in a newspaper of general circulation in the county where the dissolved corporation’s principal office is or was located, or, if none in this state, in Hughes County;
Terms Used In South Dakota Codified Laws 47-1A-1407
- 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.
- Proceeding: includes civil suit and criminal, administrative, and investigatory action. See South Dakota Codified Laws 47-1A-140
(2) Describe the information that must be included in a claim and provide a mailing address where the claim may be sent; and
(3) State that a claim against the dissolved corporation will be barred unless a proceeding to enforce the claim is commenced within three years after the publication of the notice.
Source: SL 2005, ch 239, § 321; SL 2008, ch 275, § 39.