South Dakota Codified Laws 47-1A-1102.1. Foreign business corporation or foreign eligible entities allowed to parties to merger
Current as of: 2023 | Check for updates
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A foreign business corporation, or a foreign eligible entity, may be a party to a merger with a domestic business corporation, or may be created by the terms of the plan of merger, only if the merger is permitted by the foreign business corporation or eligible entity.
Terms Used In South Dakota Codified Laws 47-1A-1102.1
- 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.
- Entity: includes domestic and foreign business corporation. See South Dakota Codified Laws 47-1A-140
Source: SL 2005, ch 239, § 250.