South Dakota Codified Laws 47-1A-1105.1. Parent corporation notice to subsidiary shareholders of merger effectiveness
Current as of: 2023 | Check for updates
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If under § 47-1A-1105 approval of a merger by the subsidiary’s shareholders is not required, the parent corporation shall, within ten days after the effective date of the merger, notify each of the subsidiary’s shareholders that the merger has become effective.
Terms Used In South Dakota Codified Laws 47-1A-1105.1
- 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.
Source: SL 2005, ch 239, § 263.