Section 47-25-6 - Resolution of merger or consolidation--Submission to members--Notice of proposed plan. - South-dakota Statutes

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47-25-6. Resolution of merger or consolidation--Submission to members--Notice of proposed plan. Where the members of any merging or consolidating corporation are entitled to vote thereon, the board of directors of such corporation shall adopt a resolution approving the proposed plan and directing that it be submitted to a vote at a meeting of members entitled to vote thereon, which may be either an annual or a special meeting. Written notice setting forth the proposed plan or a summary thereof shall be given to each member entitled to vote at such meeting within the time and in the manner provided in chapter 47-23 for the giving of notice of meetings of members.

Source: SL 1965, ch 24, § 42 (1).

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-25 > Statute-47-25-6

47-25-6. Resolution of merger or consolidation--Submission to members--Notice of proposed plan. Where the members of any merging or consolidating corporation are entitled to vote thereon, the board of directors of such corporation shall adopt a resolution approving the proposed plan and directing that it be submitted to a vote at a meeting of members entitled to vote thereon, which may be either an annual or a special meeting. Written notice setting forth the proposed plan or a summary thereof shall be given to each member entitled to vote at such meeting within the time and in the manner provided in chapter 47-23 for the giving of notice of meetings of members.

Source: SL 1965, ch 24, § 42 (1).

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State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-25 > Statute-47-25-6

47-25-6. Resolution of merger or consolidation--Submission to members--Notice of proposed plan. Where the members of any merging or consolidating corporation are entitled to vote thereon, the board of directors of such corporation shall adopt a resolution approving the proposed plan and directing that it be submitted to a vote at a meeting of members entitled to vote thereon, which may be either an annual or a special meeting. Written notice setting forth the proposed plan or a summary thereof shall be given to each member entitled to vote at such meeting within the time and in the manner provided in chapter 47-23 for the giving of notice of meetings of members.

Source: SL 1965, ch 24, § 42 (1).