South Dakota § 47-25-6 Resolution of merger or consolidation--Submission to members--Notice of proposed plan.

South Dakota Statutes

§ 47-25-6 — Resolution of merger or consolidation--Submission to members--Notice of proposed plan.

South Dakota·Title 47 CORPORATIONS·Ch. 47-25 NONPROFIT CORPORATIONS--REORGANIZATION

Where the members of any merging or consolidating corporation are entitled to vote thereon, the board of directors of such corporation shall adopt a resolution approving the proposed plan and directing that it be submitted to a vote at a meeting of members entitled to vote thereon, which may be either an annual or a special meeting. Written notice setting forth the proposed plan or a summary thereof shall be given to each member entitled to vote at such meeting within the time and in the manner provided in chapter 47-23 for the giving of notice of meetings of members.

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Where the members of any merging or consolidating corporation are entitled to vote thereon, the board of directors of such corporation shall adopt a resolution approving the proposed plan and directing that it be submitted to a vote at a meeting of members entitled to vote thereon, which may be either an annual or a special meeting. Written notice setting forth the proposed plan or a summary thereof shall be given to each member entitled to vote at such meeting within the time and in the manner provided in chapter 47-23 for the giving of notice of meetings of members.

South Dakota § 47-25-6 (Resolution of merger or consolidation--Submission to members--Notice of proposed plan.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.