The provisions of §§ 47-1A-640 to 47-1A-640.4 , inclusive, do not apply to distributions in liquidation under §§ 47-1A-1402 to 47-1A-1501 , inclusive. Source: SL 2005, ch 239 , § 85.
Application of provisions in §§ 47-1A-640 to 47-1A-640.4
SDCL § 47-1A-640.5, under SOUTH DAKOTA BUSINESS CORPORATION ACT.
SDCL § 47-1A-640.5