Time for bringing action to enforce claim against dissolved corporation after notice publication

SDCL § 47-1A-1407.1 — under SOUTH DAKOTA BUSINESS CORPORATION ACT.

SDCL § 47-1A-1407.1

If the dissolved corporation publishes a newspaper notice in accordance with § 47-1A-1407 , the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved corporation within three years after the publication date of the newspaper notice: (1) A claimant who was not given written notice under §§ 47-1A-1406 to 47-1A-1406.2 , inclusive; (2) A claimant whose claim was timely sent to the dissolved corporation but not acted on; (3) A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution. Source: SL 2005, ch 239 , § 322.