47-25A-1. Definitions.
Terms used in this chapter, mean:
(1)"Conversion," a transaction authorized by §§47-25A-8 to 47-25A-22, inclusive;
(2)"Converting corporation," the domestic or foreign nonprofit or business corporation that approves a conversion pursuant to §§47-25A-8 to 47-25A-22, inclusive, or the applicable laws of the foreign jurisdiction;
(3)"Converting entity," the domestic or foreign entity that approves a conversion pursuant to §§47-25A-8 to 47-25A-22, inclusive;
(4)"Domesticated corporation," the domesticating corporation as it continues in existence after a domestication;
(5)"Domesticating corporation," the domestic nonprofit corporation that adopts a plan of domestication pursuant to §§47-25A-3 to 47-25A-7, inclusive, or the foreign nonprofit corporation that approves a domestication pursuant to the applicable laws of the foreign jurisdiction;
(6)"Domestication," a transaction authorized by §§47-25A-3 to 47-25A-7, inclusive;
(7)"Surviving corporation," the corporation as it continues in existence immediately after consummation of a for-profit conversion pursuant to §§47-25A-3 to 47-25A-22, inclusive;
(8)"Surviving entity," the unincorporated entity as it continues in existence immediately after consummation of an entity conversion pursuant to §§47-25A-3 to 47-25A-22, inclusive.
Source: SL 2016, ch 221, §16.
Structure South Dakota Codified Laws
Chapter 25A - Nonprofit Corporations--Domestication And Conversion
Section 47-25A-1 - Definitions.
Section 47-25A-2 - Required approvals.
Section 47-25A-3 - Domestication--Plan of domestication.
Section 47-25A-4 - Domestication of a domestic nonprofit corporation in a foreign jurisdiction.
Section 47-25A-5 - Articles of domestication.
Section 47-25A-7 - Abandonment of domestication.
Section 47-25A-8 - For-profit conversion--Plan of for-profit conversion.
Section 47-25A-10 - Articles of for-profit conversion.
Section 47-25A-12 - Abandonment of for-profit conversion.
Section 47-25A-13 - Foreign for-profit domestication and conversion.
Section 47-25A-14 - Articles of domestication and conversion.
Section 47-25A-16 - Abandonment of foreign for-profit domestication and conversion.
Section 47-25A-17 - Effect of conversion.
Section 47-25A-18 - Abandonment of entity conversion.
Section 47-25A-19 - Conversion of domestic business corporation to domestic nonprofit corporation.