South Dakota Statutes
§ 58-35-71 — Liabilities and obligations of surviving or new corporation.
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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South Dakota § 58-35-71 (Liabilities and obligations of surviving or new corporation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1995, ch 293, § 12.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.