South Dakota Statutes
§ 47-34A-907 — Action on plan of conversion by converting limited liability company.
(a)Subject to § 47-34A-914 , a plan of conversion must be consented to by all the members of a converting limited liability company.
(b)Subject to § 47-34A-914 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under § 47-34A-908 , a converting limited liability company may amend the plan or abandon the conversion:
(1)As provided in the plan; or (2) Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
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South Dakota § 47-34A-907 (Action on plan of conversion by converting limited liability company.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1998, ch 272, § 907; SL 2013, ch 233, § 21.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
Powers of corporations.