§ 47-34A-911 Action on plan of domestication by domesticating limited liability company.

SD Codified L § 47-34A-911 (2019) (N/A)
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47-34A-911. Action on plan of domestication by domesticating limited liability company. (a) A plan of domestication must be consented to:

(1) By all the members, subject to § 47-34A-912, if the domesticating company is a limited liability company; and

(2) As provided in the domesticating company's governing statute, if the company is a foreign limited liability company.

(b) Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are delivered to the secretary of state for filing under § 47-34A-912, a domesticating limited liability company may amend the plan or abandon the domestication:

(1) As provided in the plan; or

(2) Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.Source: SL 2010, ch 218, § 12; SL 2013, ch 233, § 25.