{"data":{"id":"us-sd/sdcl-47-25-27","jurisdiction":"us-sd","citation":"SDCL § 47-25-27","heading":"Abandonment of transfer plan after vote of members--Rights of third parties.","body":"After authorization by a vote of members pursuant to § 47-25-26, the board of directors, nevertheless, in its discretion, may abandon a sale, lease, exchange, mortgage, pledge, or other disposition of assets described in § 47-25-24, subject to the rights of third parties under any contracts relating thereto, without further action or approval by members.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-25. NONPROFIT CORPORATIONS--REORGANIZATION"],"source_url":"https://sdlegislature.gov/Statutes/47-25-27","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"a71615eb7f708c9baa1b71eea2755acf8a8ef214789b5620de3b127b49d1c27e","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-25-26","next":"us-sd/sdcl-47-25-28"},"notice":"GroundRules: Original legal text. Not legal advice."}