SDCL § 47-18-15: Involuntary dissolution--Action by attorney general--Grounds for involuntary dissolution.

A cooperative may be dissolved involuntarily by a decree of the circuit court where the principal office or registered agent is located in an action commenced by the attorney general when it is established that:

(1) The cooperative's certificate of incorporation was procured through fraud; or

(2) The cooperative has continued to exceed or abuse the authority conferred upon it by chapters 47-15 to 47-20, inclusive; or

(3) The cooperative failed to comply with a court order for the production of books, records, or other documents of the cooperative as provided in § 47-20-3.