There is a newer version
of
this Section
2021 South Dakota Codified Laws
Title 47 - Corporations
Chapter 25 - Nonprofit Corporations Reorganization
Section 47-25-24 - Transfer of substantially all corporate assets.
Universal Citation: SD Codified L § 47-25-24 (2021)
47-25-24. Transfer of substantially all corporate assets.
A sale, lease, exchange, mortgage, pledge, or other disposition of all, or substantially all, the property and assets of a corporation may be made upon such terms and conditions and for such consideration, which may consist in whole or in part of money or property, real or personal, including shares of any corporation for profit, domestic or foreign, as may be authorized in the manner provided by §§47-25-25 to 47-25-28, inclusive.
Source: SL 1965, ch 24, §46.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
