South Dakota Codified Laws 47-1A-950. Domestic business corporation to become domestic unincorporated entity
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A domestic business corporation may become a domestic unincorporated entity pursuant to a plan of entity conversion.
Terms Used In South Dakota Codified Laws 47-1A-950
- 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, § 215.