Dissolved corporation defined

SDCL § 47-1A-1403.1 — under SOUTH DAKOTA BUSINESS CORPORATION ACT.

SDCL § 47-1A-1403.1

For purposes of §§ 47-1A-1401 to 47-1A-1409 , inclusive, the term, dissolved corporation, means a corporation whose articles of dissolution have become effective and includes a successor entity to which the remaining assets of the corporation are transferred subject to its liabilities for purposes of liquidation. Source: SL 2005, ch 239 , § 314.