South Dakota § 47-34A-906 Conversion.

South Dakota Statutes

§ 47-34A-906 — Conversion.

South Dakota § 47-34A-906

Title 47CORPORATIONS

Ch. 47-34UNIFORM LIMITED LIABILITY COMPANY ACT

This text of South Dakota § 47-34A-906 (Conversion.) 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 § 47-34A-906 (2026).

Text

(a)An organization other than a limited liability company or a foreign limited liability company may convert to a limited liability company, and a limited liability company may convert to an organization other than a foreign limited liability company pursuant to §§ 47-34A-907 to 47-34A-909 , inclusive, and a plan of conversion, if:

(1)The other organization's governing statute authorizes the conversion;

(2)The conversion is not prohibited by the law of the jurisdiction that enacted the other organization's governing statute; and (3) The other organization complies with its governing statute in effecting the conversion.

(b)A plan of conversion must be in a record and must include:

(1)The name and form of the organization before conversion;

(2)The name and form of the or

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(a) An organization other than a limited liability company or a foreign limited liability company may convert to a limited liability company, and a limited liability company may convert to an organization other than a foreign limited liability company pursuant to §§ 47-34A-907 to 47-34A-909 , inclusive, and a plan of conversion, if: (1) The other organization's governing statute authorizes the conversion; (2) The conversion is not prohibited by the law of the jurisdiction that enacted the other organization's governing statute; and (3) The other organization complies with its governing statute in effecting the conversion. (b) A plan of conversion must be in a record and must include: (1) The name and form of the organization before conversion; (2) The name and form of the organization after conversion; (3) The terms and conditions of the conversion, including the manner and basis for converting interests in the converting organization into any combination of money, interests in the converted organization, and other consideration; and (4) The organizational documents of the converted organization that are, or are proposed to be, in a record.