South Dakota § 47-25A-1 Definitions.

South Dakota Statutes

§ 47-25A-1 — Definitions.

South Dakota·Title 47 CORPORATIONS·Ch. 47-25A NONPROFIT CORPORATIONS--DOMESTICATION AND CONVERSION

Terms used in this chapter, mean:

(1)"Conversion," a transaction authorized by §§ 47-25A-8 to 47-25A-22 , inclusive;

(2)"Converting corporation," the domestic or foreign nonprofit or business corporation that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22 , inclusive, or the applicable laws of the foreign jurisdiction;

(3)"Converting entity," the domestic or foreign entity that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22 , inclusive;

(4)"Domesticated corporation," the domesticating corporation as it continues in existence after a domestication;

(5)"Domesticating corporation," the domestic nonprofit corporation that adopts a plan of domestication pursuant to §§ 47-25A-3 to 47-25A-7 , inclusive, or the foreign nonprofit corporation that approves

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Terms used in this chapter, mean: (1) "Conversion," a transaction authorized by §§ 47-25A-8 to 47-25A-22 , inclusive; (2) "Converting corporation," the domestic or foreign nonprofit or business corporation that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22 , inclusive, or the applicable laws of the foreign jurisdiction; (3) "Converting entity," the domestic or foreign entity that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22 , inclusive; (4) "Domesticated corporation," the domesticating corporation as it continues in existence after a domestication; (5) "Domesticating corporation," the domestic nonprofit corporation that adopts a plan of domestication pursuant to §§ 47-25A-3 to 47-25A-7 , inclusive, or the foreign nonprofit corporation that approves a domestication pursuant to the applicable laws of the foreign jurisdiction; (6) "Domestication," a transaction authorized by §§ 47-25A-3 to 47-25A-7 , inclusive; (7) "Surviving corporation," the corporation as it continues in existence immediately after consummation of a for-profit conversion pursuant to §§ 47-25A-3 to 47-25A-22 , inclusive; (8) "Surviving entity," the unincorporated entity as it continues in existence immediately after consummation of an entity conversion pursuant to §§ 47-25A-3 to 47-25A-22 , inclusive.

South Dakota § 47-25A-1 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.