South Dakota § 58-35-63 Execution and acknowledgment of articles of merger--Contents of articles.

South Dakota Statutes

§ 58-35-63 — Execution and acknowledgment of articles of merger--Contents of articles.

South Dakota·Title 58 INSURANCE·Ch. 58-34 FARM MUTUAL INSURERS

If the plan of merger is approved, an original and one exact or conforming copy of the articles of merger shall be executed by each corporation by the chairman of the board of directors of the corporation or by its president or by another of its officers. The articles shall be acknowledged and shall set forth:

(1)The plan of merger;

(2)The number of votes voted for and against the merger;

(3)The terms and conditions of the proposed merger;

(4)The names of the surviving corporation's first board of directors;

(5)The surviving corporation's principal office;

(6)The manner and basis of converting the assets and the liabilities of each corporation into assets, liabilities, obligations, or other securities of the surviving corporation or of any other corporation or, in w

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If the plan of merger is approved, an original and one exact or conforming copy of the articles of merger shall be executed by each corporation by the chairman of the board of directors of the corporation or by its president or by another of its officers. The articles shall be acknowledged and shall set forth: (1) The plan of merger; (2) The number of votes voted for and against the merger; (3) The terms and conditions of the proposed merger; (4) The names of the surviving corporation's first board of directors; (5) The surviving corporation's principal office; (6) The manner and basis of converting the assets and the liabilities of each corporation into assets, liabilities, obligations, or other securities of the surviving corporation or of any other corporation or, in whole or in part, into cash or other property.

South Dakota § 58-35-63 (Execution and acknowledgment of articles of merger--Contents of articles.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.