South Dakota § 58-35-71 Liabilities and obligations of surviving or new corporation.

South Dakota Statutes

§ 58-35-71 — Liabilities and obligations of surviving or new corporation.

South Dakota § 58-35-71

Title 58INSURANCE

Ch. 58-34FARM MUTUAL INSURERS

This text of South Dakota § 58-35-71 (Liabilities and obligations of surviving or new corporation.) 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 § 58-35-71 (2026).

Text

If a merger or consolidation has been effected pursuant to this chapter:

(1)The surviving or new corporation is thenceforth responsible and liable for all the liabilities and obligations of each of the corporations so merged; and (2) Any claim existing or action or proceeding pending by or against any of the corporations may be prosecuted as if the merger had not taken place, or the surviving or new corporation may be substituted in its place. Neither the rights of creditors nor any liens upon the property of any such corporation may be impaired by the merger or consolidation.

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If a merger or consolidation has been effected pursuant to this chapter: (1) The surviving or new corporation is thenceforth responsible and liable for all the liabilities and obligations of each of the corporations so merged; and (2) Any claim existing or action or proceeding pending by or against any of the corporations may be prosecuted as if the merger had not taken place, or the surviving or new corporation may be substituted in its place. Neither the rights of creditors nor any liens upon the property of any such corporation may be impaired by the merger or consolidation.