South Dakota Statutes

§ 47-34A-905 — Effect of merger.

South Dakota·Title 47 CORPORATIONS·Ch. 47-34 UNIFORM LIMITED LIABILITY COMPANY ACT
(a)When a merger becomes effective:
(1)The surviving organization continues or comes into existence;
(2)Each constituent organization that merges into the surviving organization ceases to exist as a separate entity;
(3)All property owned by each constituent organization that ceases to exist vests in the surviving organization;
(4)All debts, obligations, or other liabilities of each constituent organization that ceases to exist continue as debts, obligations, or other liabilities of the surviving organization;
(5)An action or proceeding pending by or against any constituent organization that ceases to exist may be continued as if the merger had not occurred;
(6)Except as prohibited by other law, all of the rights, privileges, immunities, powers, and purposes of each

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South Dakota § 47-34A-905 (Effect of merger.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1998, ch 272, § 905; SL 2013, ch 233, § 19.

Nearby Sections

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