47-26-6. Plan for distribution of assets--Adoption of plan.A plan providing for the distribution of assets, not inconsistent with the provisions of chapters 47-22 to 47-28, inclusive, may be adopted by a corporation in the process of dissolution and shall be adopted by a corporation for the purpose of authorizing any transfer or conveyance of assets for which this chapter requires a plan of distribution, in the manner provided by §§47-26-7 and 47-26-8. Source: SL 1965, ch 24, §49.
South Dakota Legal Code