South Dakota Statutes

§ 47-34A-913 — Effect of domestication.

South Dakota·Title 47 CORPORATIONS·Ch. 47-34 UNIFORM LIMITED LIABILITY COMPANY ACT
(a)When a domestication takes effect:
(1)The domesticated company is for all purposes the company that existed before the domestication;
(2)All property owned by the domesticating company remains vested in the domesticated company;
(3)All debts, obligations, or other liabilities of the domesticating company continue as debts, obligations, or other liabilities of the domesticated company;
(4)An action or proceeding pending by or against a domesticating company may be continued as if the domestication had not occurred;
(5)Except as prohibited by other law, all of the rights, privileges, immunities, powers, and purposes of the domesticating company remain vested in the domesticated company;
(6)Except as otherwise provided in the plan of domestication, the terms and co

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 47-34A-913 (Effect of domestication.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2013, ch 233, § 27.

Nearby Sections

15
View on official source ↗