Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 1A - SOUTH DAKOTA BUSINESS CORPORATION ACT
Section 47-1A-955.2 - Owner liability only for debts arising after effective time of articles of entity conversion

S.D. Codified Laws § 47-1A-955.2

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Current through the 2024 Legislative Session
Section 47-1A-955.2 - Owner liability only for debts arising after effective time of articles of entity conversion

Any shareholder who becomes subject to owner liability for some or all of the debts, obligations, or liabilities of the surviving entity is personally liable only for those debts, obligations, or liabilities of the surviving entity that arise after the effective time of the articles of entity conversion.

SDCL 47-1A-955.2

SL 2005, ch 239, §232.