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§ 47-1A-950.5 Definition of terms applying to §§ 47-1A-950 to 47-1A-956.

SD Codified L § 47-1A-950.5 (2019) (N/A)
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47-1A-950.5. Definition of terms applying to §§ 47-1A-950 to 47-1A-956. Terms used in §§ 47-1A-950 to 47-1A-956, inclusive, mean:

(1) "Converting entity," the domestic business corporation or domestic unincorporated entity that adopts a plan of entity conversion or the foreign unincorporated entity converting to a domestic business corporation;

(2) "Surviving entity," the corporation or unincorporated entity that is in existence immediately after consummation of an entity conversion pursuant to §§ 47-1A-950 to 47-1A-956, inclusive.Source: SL 2005, ch 239, § 220.

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