South Dakota § 47-25A-19 Conversion of domestic business corporation to domestic nonprofit corporation.

South Dakota Statutes

§ 47-25A-19 — Conversion of domestic business corporation to domestic nonprofit corporation.

South Dakota § 47-25A-19

Title 47CORPORATIONS

Ch. 47-25ANONPROFIT CORPORATIONS--DOMESTICATION AND CONVERSION

This text of South Dakota § 47-25A-19 (Conversion of domestic business corporation to domestic nonprofit corporation.) 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 § 47-25A-19 (2026).

Text

A domestic business corporation may become a domestic nonprofit corporation pursuant to a plan of nonprofit conversion only if incorporating pursuant to this chapter is not prohibited by any other law of this state. If the law of a domestic business corporation does not provide procedures for the approval of either a nonprofit conversion or a merger, a plan of nonprofit conversion must be adopted and approved, and the conversion effectuated in accordance with this chapter.

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A domestic business corporation may become a domestic nonprofit corporation pursuant to a plan of nonprofit conversion only if incorporating pursuant to this chapter is not prohibited by any other law of this state. If the law of a domestic business corporation does not provide procedures for the approval of either a nonprofit conversion or a merger, a plan of nonprofit conversion must be adopted and approved, and the conversion effectuated in accordance with this chapter.