{"data":{"id":"us-sd/sdcl-47-26-23","jurisdiction":"us-sd","citation":"SDCL § 47-26-23","heading":"Power of court in liquidation proceedings--Action by creditor.","body":"Courts of equity shall have full power to liquidate the assets and affairs of a corporation in an action by a creditor:\n(1) When the claim of the creditor has been reduced to judgment and an execution thereon has been returned unsatisfied and it is established that the corporation is insolvent; or\n(2) When the corporation has admitted in writing that the claim of the creditor is due and owing and it is established that the corporation is insolvent.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-26. NONPROFIT CORPORATIONS--DISSOLUTION AND LIQUIDATION"],"source_url":"https://sdlegislature.gov/Statutes/47-26-23","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"73fb505d987cae51b1ad5b72dc6492317eff3057e32dbcb851eb430051bef9b4","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-26-22","next":"us-sd/sdcl-47-26-24"},"notice":"GroundRules: Original legal text. Not legal advice."}