South Dakota § 47-34A-801 - Events causing dissolution and winding up of company's business.
Full text of South Dakota South Dakota Codified Laws § 47-34A-801 — Events causing dissolution and winding up of company's business., with citation guidance and answers to common questions.
§ 47-34A-801. Events causing dissolution and winding up of company's business.
(a) A limited liability company is dissolved, and its business must be wound up, upon the occurrence of any of the following events:
(1) An event specified in the operating agreement;
(2) Consent of the number or percentage of members specified in the operating agreement;
(3) An event that makes it unlawful for all or substantially all of the business of the company to be continued, but any cure of illegality within ninety days after notice to the company of the event is effective retroactively to the date of the event for purposes of this section;
(4) On application by a member or a dissociated member, upon entry of a judicial decree that:
(i) The economic purpose of the company is likely to be unreasonably frustrated;
(ii) Another member has engaged in conduct relating to the company's business that makes it not reasonably practicable to carry on the company's business with that member;
(iii) It is not otherwise reasonably practicable to carry on the company's business in conformity with the articles of organization and the operating agreement; or
(iv) The managers or members in control of the company have acted, are acting, or will act in a manner that is illegal or fraudulent.
Source: SL 1998, ch 272, § 801; SL 2009, ch 234, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-34A-801
What does South Dakota Codified Laws § 47-34A-801 cover?
Section 47-34A-801 ("Events causing dissolution and winding up of company's business.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 47-34A-801?
A common citation format is "South Dakota Codified Laws § 47-34A-801" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 47-34A-801 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.