South Dakota Codified Laws 47-1A-1102. Merger allowed generally
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One or more domestic business corporations may merge with one or more domestic or foreign business corporations or eligible entities pursuant to a plan of merger, or two or more foreign business corporations or domestic or foreign eligible entities may merge into a new domestic business corporation to be created in the merger in the manner provided in §§ 47-1A-1101 to 47-1A-1108, inclusive.
Terms Used In South Dakota Codified Laws 47-1A-1102
- 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 2005, ch 239, § 249.