South Dakota Codified Laws 47-25-19. Compliance with local law by local corporation–Compliance with foreign law by foreigncorporation
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Each domestic corporation merging or consolidating with a foreign corporation shall comply with the provisions of this chapter with respect to the merger or consolidation, as the case may be, of domestic corporations and each foreign corporation shall comply with the applicable provisions of the laws of the state under which it is organized.
Terms Used In South Dakota Codified Laws 47-25-19
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 1965, ch 24, § 45 (1).