State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-25 > Statute-47-25-3

47-25-3. Consolidation of corporations--Plan of consolidation--Contents of plan. Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this chapter.
Each corporation shall adopt a plan of consolidation setting forth:
(1) The names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;
(2) The terms and conditions of the proposed consolidation;
(3) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under chapter 47-22;
(4) Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.

Source: SL 1965, ch 24, § 41.