S.D. Codified Laws § 47-25-1

Current through the 2024 Legislative Session
Section 47-25-1 - Merger of corporations-Plan of merger-Contents of plan

Any two or more domestic corporations may merge into one of such corporations pursuant to a plan of merger approved in the manner provided in this chapter.

Each corporation shall adopt a plan of merger setting forth:

(1) The names of the corporation proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation;
(2) The terms and conditions of the proposed merger;
(3) A statement of any changes in the articles of incorporation of the surviving corporation to be effected by such merger;
(4) Such other provisions with respect to the proposed merger as are deemed necessary or desirable.

SDCL 47-25-1

SL 1965, ch 24, § 40.