South Dakota Statutes
§ 47-1A-1107.2 — Owner liability only as in organic law and for debts arising after effective time of articles of merger or share exchange.
South Dakota § 47-1A-1107.2
This text of South Dakota § 47-1A-1107.2 (Owner liability only as in organic law and for debts arising after effective time of articles of merger or share exchange.) 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 § 47-1A-1107.2 (2026).
Text
Any person who becomes subject to owner liability for some or all of the debts, obligations, or liabilities of any entity as a result of a merger or share exchange has owner liability only to the extent provided in the organic law of the entity and only for those debts, obligations, and liabilities that arise after the effective time of the articles of merger or share exchange.
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Legislative History
SL 2005, ch 239, § 268.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-1A-1107.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-1107.2.