Non-Profit Corporations 

South Dakota Laws > Title 47 > Chapter 25 > § 47-25-25 - Vote upon transfer of corporate assets--Notice of meeting--Contents of notice

Where there are members entitled to vote thereon, the board of directors shall adopt a resolution recommending a sale, lease, exchange, mortgage, pledge, or other disposition described by § 47-25-24 and directing that it be submitted to a vote at a meeting of members entitled to vote thereon, which may be either an annual or a special meeting. Written notice stating that the purpose, or one of the purposes, of such meeting is to consider the sale, lease, exchange, mortgage, pledge, or other disposition of all, or substantially all, the property and assets of the corporation shall be given to each member entitled to vote at such meeting, within the time and in the manner provided by chapter 47-23 for the giving of notice of meetings of members.

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Questions & Answers: Non-Profit Corporations

Suzanne, Unless the association has been legally dissolved, it can continue operating, despite problems with its corporate formalities. To use an analogy, Citibank has to file a va...

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South Dakota Laws: Non-Profit Corporations

South Dakota Laws > Title 47 > Chapter 22 - Nonprofit Corporations--Formation And General Powers

South Dakota Laws > Title 47 > Chapter 23 - Nonprofit Corporations--Members, Directors, Officers And Agents

South Dakota Laws > Title 47 > Chapter 24 - Nonprofit Corporations--Records, Fiscal Affairs And Reports

South Dakota Laws > Title 47 > Chapter 25 - Nonprofit Corporations--Reorganization

South Dakota Laws > Title 47 > Chapter 26 - Nonprofit Corporations--Dissolution And Liquidation

South Dakota Laws > Title 47 > Chapter 27 - Foreign Nonprofit Corporations

South Dakota Laws > Title 47 > Chapter 28 - Nonprofit Corporations--Supervision By Secretary Of State

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