South Dakota § 47-18-3 Effect of merger or consolidation--Surviving cooperative.

South Dakota Statutes

§ 47-18-3 — Effect of merger or consolidation--Surviving cooperative.

South Dakota § 47-18-3

Title 47CORPORATIONS

Ch. 47-18COOPERATIVES--REORGANIZATION AND DISSOLUTION

This text of South Dakota § 47-18-3 (Effect of merger or consolidation--Surviving cooperative.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 47-18-3 (2026).

Text

After the effective date of a merger or consolidation, the cooperatives which are parties to the plan become a single cooperative. In the case of a merger, the surviving cooperative is that cooperative so designated in the plan. In the case of a consolidation, the new cooperative is the cooperative provided for in the plan. The separate existence of all cooperatives which are parties to the plan, except the surviving or new cooperative, then ceases.

Free access — add to your briefcase to read the full text and ask questions with AI

After the effective date of a merger or consolidation, the cooperatives which are parties to the plan become a single cooperative. In the case of a merger, the surviving cooperative is that cooperative so designated in the plan. In the case of a consolidation, the new cooperative is the cooperative provided for in the plan. The separate existence of all cooperatives which are parties to the plan, except the surviving or new cooperative, then ceases.