South Dakota Codified Laws 47-22-67. Powers of corporation–Cessation of activities
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Each corporation shall have power to cease its corporate activities and surrender its corporate franchise.
Terms Used In South Dakota Codified Laws 47-22-67
- 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.
Source: SL 1965, ch 24, § 5 (16).