S.D. Codified Laws § 47-1A-1107.3
This is the official text of S.D. Codified Laws § 47-1A-1107.3, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Effect of merger on surviving foreign corporation or foreign eligible entity
Official statutory text
Upon a merger becoming effective, a foreign corporation, or a foreign eligible entity, that is the survivor of the merger is deemed to:
(1) Agree that service of process in a proceeding to enforce the rights of shareholders of each domestic corporation that is a party to the merger who exercise appraisal rights may be made in the manner provided in §§ 59-11-16 to 59-11-19 , inclusive; and
(2) Agree that it will promptly pay the amount, if any, to which such shareholders are entitled under §§ 47-1A-1301 to 47-1A-1331.2 , inclusive.
Source: SL 2005, ch 239, § 269; SL 2008, ch 275, § 37.
(1) Agree that service of process in a proceeding to enforce the rights of shareholders of each domestic corporation that is a party to the merger who exercise appraisal rights may be made in the manner provided in §§ 59-11-16 to 59-11-19 , inclusive; and
(2) Agree that it will promptly pay the amount, if any, to which such shareholders are entitled under §§ 47-1A-1301 to 47-1A-1331.2 , inclusive.
Source: SL 2005, ch 239, § 269; SL 2008, ch 275, § 37.
Status: in_force · Read it on the official government site
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