South Dakota Statutes
§ 47-34A-911 — Action on plan of domestication by domesticating limited liability company.
(a)A plan of domestication must be consented to:
(1)By all the members, subject to § 47-34A-912 , if the domesticating company is a limited liability company; and (2) As provided in the domesticating company's governing statute, if the company is a foreign limited liability company.
(b)Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are delivered to the secretary of state for filing under § 47-34A-912 , a domesticating limited liability company may amend the plan or abandon the domestication:
(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-911 (Action on plan of domestication by domesticating limited liability company.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2010, ch 218, § 12; SL 2013, ch 233, § 25.
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Repealed§ 47-1-3
Repealed§ 47-10-1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.