South Dakota Codified Laws 47-1A-1103.1. Foreign corporation or eligible party allowed to be party to share exchange
Current as of: 2023 | Check for updates
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A foreign corporation or eligible entity may be a party to a share exchange only if the share exchange is permitted by the corporation or other entity is organized or by which it is governed.
Terms Used In South Dakota Codified Laws 47-1A-1103.1
- 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, § 256.