There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 47-1A-951.1 — Plan of entity conversion--Amendments.
47-1A-951.1. Plan of entity conversion--Amendments. The plan of entity conversion may also include a provision that the plan may be amended prior to filing articles of entity conversion. However, subsequent to approval of the plan by the shareholders, the plan may not be amended to change:
(1) The amount or kind of shares or other
securities, interests, obligations, rights to acquire shares, other
securities or interests, cash, or other property to be received
under the plan by the shareholders;
(2) The organic documents that will be in
effect immediately following the conversion, except for changes
permitted by a provision of the organic law of the surviving entity
comparable to § 47-1A-1005; or
(3) Any of the other terms or conditions
of the plan if the change would adversely affect any of the
shareholders in any material respect.
Source: SL 2005, ch 239, § 222.
Source: SL 2005, ch 239, § 222.
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