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 § 47-25-6

Title 47CORPORATIONS

Ch. 47-25NONPROFIT CORPORATIONS--REORGANIZATION

This text of South Dakota § 47-25-6 (Resolution of merger or consolidation--Submission to members--Notice of proposed 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 § 47-25-6 (2026).

Text

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.