SDCL § 47-1A-640.3: Indebtedness to shareholder by reason of distribution at parity with indebtedness to general unsecured creditor.

A corporation's indebtedness to a shareholder incurred by reason of a distribution made in accordance with §§ 47-1A-640 to 47-1A-640.5, inclusive, is at parity with the corporation's indebtedness to its general, unsecured creditors except to the extent subordinated by agreement.