South Dakota Statutes
§ 47-1A-955.2 — Owner liability only for debts arising after effective time of articles of entity conversion.
South Dakota § 47-1A-955.2
This text of South Dakota § 47-1A-955.2 (Owner liability only for debts arising after effective time of articles of entity conversion.) 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-955.2 (2026).
Text
Any shareholder who becomes subject to owner liability for some or all of the debts, obligations, or liabilities of the surviving entity is personally liable only for those debts, obligations, or liabilities of the surviving entity that arise after the effective time of the articles of entity conversion.
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Legislative History
SL 2005, ch 239, § 232.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-955.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-955.2.