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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 25 - Nonprofit Corporations--Reorganization
§ 47-25-6 Resolution of merger or consolidation--Submission to members--Notice of proposed plan.
Universal Citation: SD Codified L § 47-25-6 (2018)
47-25-6. Resolution of merger or consolidation--Submission to members--Notice of proposed plan. Where the members of any merging or consolidating corporation are entitled to vote thereon, the board of directors of such corporation shall adopt a resolution approving the proposed plan and directing that it be submitted to a vote at a meeting of members entitled to vote thereon, which may be either an annual or a special meeting. Written notice setting forth the proposed plan or a summary thereof shall be given to each member entitled to vote at such meeting within the time and in the manner provided in chapter 47-23 for the giving of notice of meetings of members.
Source: SL 1965, ch 24, ยง 42 (1).
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