South Dakota § 47-1A-953 Domestic business corporation converted to domestic unincorporated entity--Articles of entity conversion--Content.

South Dakota Statutes

§ 47-1A-953 — Domestic business corporation converted to domestic unincorporated entity--Articles of entity conversion--Content.

South Dakota·Title 47 CORPORATIONS·Ch. 47-1 SOUTH DAKOTA BUSINESS CORPORATION ACT

After the conversion of a domestic business corporation to a domestic unincorporated entity has been adopted and approved as required by this chapter, articles of entity conversion shall be executed on behalf of the corporation by any officer or other duly authorized representative. The articles shall:

(1)Set forth the name of the corporation immediately before the filing of the articles of entity conversion and the name to which the name of the corporation is to be changed, which shall be a name that satisfies the organic law of the surviving entity;

(2)State the type of unincorporated entity that the surviving entity will be;

(3)Set forth a statement that the plan of entity conversion was duly approved by the shareholders in the manner required by this chapter and the article

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After the conversion of a domestic business corporation to a domestic unincorporated entity has been adopted and approved as required by this chapter, articles of entity conversion shall be executed on behalf of the corporation by any officer or other duly authorized representative. The articles shall: (1) Set forth the name of the corporation immediately before the filing of the articles of entity conversion and the name to which the name of the corporation is to be changed, which shall be a name that satisfies the organic law of the surviving entity; (2) State the type of unincorporated entity that the surviving entity will be; (3) Set forth a statement that the plan of entity conversion was duly approved by the shareholders in the manner required by this chapter and the articles of incorporation; (4) If the surviving entity is a filing entity, either contain all of the provisions required to be set forth in its public organic document and any other desired provisions that are permitted, or have attached a public organic document. However, in either case, provisions that would not be required to be included in a restated public organic document may be omitted.

South Dakota § 47-1A-953 (Domestic business corporation converted to domestic unincorporated entity--Articles of entity conversion--Content.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.