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§ 47-25-1 Merger of corporations--Plan of merger--Contents of plan.

SD Codified L § 47-25-1 (2019) (N/A)
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47-25-1. Merger of corporations--Plan of merger--Contents of plan. Any two or more domestic corporations may merge into one of such corporations pursuant to a plan of merger approved in the manner provided in this chapter.

Each corporation shall adopt a plan of merger setting forth:

(1) The names of the corporation proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation;

(2) The terms and conditions of the proposed merger;

(3) A statement of any changes in the articles of incorporation of the surviving corporation to be effected by such merger;

(4) Such other provisions with respect to the proposed merger as are deemed necessary or desirable.Source: SL 1965, ch 24, § 40.

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§ 47-25-2 Amendment of surviving corporation's articles.