South Dakota § 47-25-3 Consolidation of corporations--Plan of consolidation--Contents of plan.

South Dakota Statutes

§ 47-25-3 — Consolidation of corporations--Plan of consolidation--Contents of plan.

South Dakota § 47-25-3

Title 47CORPORATIONS

Ch. 47-25NONPROFIT CORPORATIONS--REORGANIZATION

This text of South Dakota § 47-25-3 (Consolidation of corporations--Plan of consolidation--Contents of plan.) 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 § 47-25-3 (2026).

Text

Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this chapter. Each corporation shall adopt a plan of consolidation setting forth:

(1)The names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;

(2)The terms and conditions of the proposed consolidation;

(3)With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under chapter 47-22 ;

(4)Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.

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Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this chapter. Each corporation shall adopt a plan of consolidation setting forth: (1) The names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation; (2) The terms and conditions of the proposed consolidation; (3) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under chapter 47-22 ; (4) Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.