SDCL § 47-18-16.3: Administrative dissolution of cooperative.

The secretary of state may commence a proceeding under § 47-18-16.4 to administratively dissolve a cooperative if:

(1) The cooperative does not pay within sixty days after they are due any fees or penalties imposed by chapters 47-15 to 47-20, inclusive, or other law;

(2) The cooperative does not deliver its annual report to the secretary of state within sixty days after it is due;

(3) The cooperative is without a registered agent or registered office in this state for sixty days or more;

(4) The cooperative does not notify the secretary of state within sixty days that its registered agent has been changed or that its registered agent has resigned; or

(5) The cooperative's period of duration stated in its articles of incorporation expires.