2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 25A - Nonprofit Corporations--Domestication And Conversion
§ 47-25A-1 Definitions.
47-25A-1. Definitions. Terms used in this chapter, mean:
(1) "Conversion," a transaction authorized by §§ 47-25A-8 to 47-25A-22, inclusive;
(2) "Converting corporation," the domestic or foreign nonprofit or business corporation that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22, inclusive, or the applicable laws of the foreign jurisdiction;
(3) "Converting entity," the domestic or foreign entity that approves a conversion pursuant to §§ 47-25A-8 to 47-25A-22, inclusive;
(4) "Domesticated corporation," the domesticating corporation as it continues in existence after a domestication;
(5) "Domesticating corporation," the domestic nonprofit corporation that adopts a plan of domestication pursuant to §§ 47-25A-3 to 47-25A-7, inclusive, or the foreign nonprofit corporation that approves a domestication pursuant to the applicable laws of the foreign jurisdiction;
(6) "Domestication," a transaction authorized by §§ 47-25A-3 to 47-25A-7, inclusive;
(7) "Surviving corporation," the corporation as it continues in existence immediately after consummation of a for-profit conversion pursuant to §§ 47-25A-3 to 47-25A-22, inclusive;
(8) "Surviving entity," the unincorporated entity as it continues in existence immediately after consummation of an entity conversion pursuant to §§ 47-25A-3 to 47-25A-22, inclusive.
Source: SL 2016, ch 221, § 16.
