South Dakota Codified Laws 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;
Terms Used In South Dakota Codified Laws 47-24-13.1
- 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.
(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.