South Dakota Statutes
§ 47-21-31 — Articles of consolidation as governing consolidated cooperative--Articles of surviving cooperative as governing merged cooperative.
South Dakota § 47-21-31
This text of South Dakota § 47-21-31 (Articles of consolidation as governing consolidated cooperative--Articles of surviving cooperative as governing merged 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 § 47-21-31 (2026).
Text
In the case of consolidation the existence of the consolidating cooperatives shall cease and the articles of consolidation shall be deemed to be the articles of incorporation of the new cooperative; and in the case of a merger the separate existence of the merging cooperatives shall cease and the articles of incorporation of the surviving cooperative shall be deemed to be amended to the extent, if any, that changes therein are provided for in the articles of merger.
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Legislative History
SL 1947, ch 33, § 19; SDC Supp 1960, § 11.2219 (1).
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-21-31, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-21-31.