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§ 47-1A-1107.3 Effect of merger on surviving foreign corporation or foreign eligible entity.

SD Codified L § 47-1A-1107.3 (2019) (N/A)
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47-1A-1107.3. Effect of merger on surviving foreign corporation or foreign eligible entity. Upon a merger becoming effective, a foreign corporation, or a foreign eligible entity, that is the survivor of the merger is deemed to:

(1) Agree that service of process in a proceeding to enforce the rights of shareholders of each domestic corporation that is a party to the merger who exercise appraisal rights may be made in the manner provided in §§ 59-11-16 to 59-11-19, inclusive; and

(2) Agree that it will promptly pay the amount, if any, to which such shareholders are entitled under §§ 47-1A-1301 to 47-1A-1331.2, inclusive.Source: SL 2005, ch 239, § 269; SL 2008, ch 275, § 37.

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§ 47-1A-1107.2 Owner liability only as in organic law and for debts arising after effective time of articles of merger or share exchange.
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§ 47-1A-1107.4 Effect of merger or share exchange on owner liability of person who had owner liability for obligations of party to merger or share exchange.