S.D. Codified Laws § 47-1A-924.1

Current through the 2024 Legislative Session

Section 47-1A-924.1 - Effect of domestication of domestic business corporation in foreign jurisdiction

When a domestication of a domestic business corporation in a foreign jurisdiction becomes effective, the foreign business corporation is deemed to:

(1) Appoint the Office of the Secretary of State as its agent for service of process in a proceeding to enforce the rights of shareholders who exercise appraisal rights in connection with the domestication; 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.

SDCL 47-1A-924.1

SL 2005, ch 239, §210.