Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 21 - RURAL ELECTRIC COOPERATIVES
Section 47-21-31 - Articles of consolidation as governing consolidated cooperative-Articles of surviving cooperative as governing merged cooperative

S.D. Codified Laws § 47-21-31

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Current through the 2024 Legislative Session
Section 47-21-31 - Articles of consolidation as governing consolidated cooperative-Articles of surviving cooperative as governing merged cooperative

In the case of consolidation the existence of the consolidating cooperatives shall cease and the articles of consolidation shall be deemed to be the articles of incorporation of the new cooperative; and in the case of a merger the separate existence of the merging cooperatives shall cease and the articles of incorporation of the surviving cooperative shall be deemed to be amended to the extent, if any, that changes therein are provided for in the articles of merger.

SDCL 47-21-31

SL 1947, ch 33, § 19; SDC Supp 1960, § 11.2219 (1).