South Dakota § 47-1A-924 Effect of domestication.

South Dakota Statutes

§ 47-1A-924 — Effect of domestication.

South Dakota § 47-1A-924

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-924 (Effect of domestication.) 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-924 (2026).

Text

When a domestication becomes effective:

(1)The title to all real and personal property, both tangible and intangible, of the corporation remains in the corporation without reversion or impairment;

(2)The liabilities of the corporation remain the liabilities of the corporation;

(3)An action or proceeding pending against the corporation continues against the corporation as if the domestication had not occurred;

(4)The articles of domestication, or the articles of incorporation attached to the articles of domestication, constitute the articles of incorporation of a foreign corporation domesticating in this state;

(5)The shares of the corporation are reclassified into shares, other securities, obligations, rights to acquire shares or other securities, or into cash or other

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When a domestication becomes effective: (1) The title to all real and personal property, both tangible and intangible, of the corporation remains in the corporation without reversion or impairment; (2) The liabilities of the corporation remain the liabilities of the corporation; (3) An action or proceeding pending against the corporation continues against the corporation as if the domestication had not occurred; (4) The articles of domestication, or the articles of incorporation attached to the articles of domestication, constitute the articles of incorporation of a foreign corporation domesticating in this state; (5) The shares of the corporation are reclassified into shares, other securities, obligations, rights to acquire shares or other securities, or into cash or other property in accordance with the terms of the domestication, and the shareholders are entitled only to the rights provided by those terms and to any appraisal rights they may have under the organic law of the domesticating corporation; and (6) The corporation is deemed to: (a) Be incorporated under and subject to the organic law of the domesticated corporation for all purposes; (b) Be the same corporation without interruption as the domesticating corporation; and (c) Have been incorporated on the date the domesticating corporation was originally incorporated.