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§ 47-1A-951 Plan of entity conversion--Content.

SD Codified L § 47-1A-951 (2019) (N/A)
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47-1A-951. Plan of entity conversion--Content. A plan of entity conversion must include:

(1) A statement of the type of other entity the surviving entity will be and, if it will be a foreign other entity, its jurisdiction of organization;

(2) The terms and conditions of the conversion;

(3) The manner and basis of converting the shares of the domestic business corporation following its conversion into interests or other securities, obligations, rights to acquire interests or other securities, cash, other property, or any combination of the foregoing; and

(4) The full text, as they will be in effect immediately after consummation of the conversion, of the organic documents of the surviving entity.Source: SL 2005, ch 239, § 221.

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§ 47-1A-950.5 Definition of terms applying to §§ 47-1A-950 to 47-1A-956.
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§ 47-1A-951.1 Plan of entity conversion--Amendments.