Venue for a proceeding by the attorney general to dissolve a corporation lies in Hughes County. Venue for a proceeding brought by any other party named in § 47-1A-1430 lies in the county where a corporation’s principal office is or was last located, or, if none in this state, in Hughes County.

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Terms Used In South Dakota Codified Laws 47-1A-1431

  • 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
  • Venue: The geographical location in which a case is tried.

Source: SL 2005, ch 239, § 332; SL 2008, ch 275, § 45.