2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 25. Nonprofit Corporations--Reorganization
§47-25-3 Consolidation of corporations--Plan of consolidation--Contents of plan.
47-25-3. Consolidation of corporations--Plan of consolidation--Contents of plan. Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this chapter.
Each corporation shall adopt a plan of consolidation setting forth:
(1) The names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;
(2) The terms and conditions of the proposed consolidation;
(3) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under chapter 47-22;
(4) Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.
Source: SL 1965, ch 24, § 41.
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