S.D. Codified Laws § 47-21-32

Current through the 2024 Legislative Session

Section 47-21-32 - Transfer of rights and obligations to surviving cooperative

All the rights, privileges, immunities, and franchises and all property, real and personal, including without limitation applications for membership, all debts due on whatever account and all other choses in action, of each of the consolidating or merging cooperatives shall be deemed to be transferred to and vested in the new or surviving cooperative without further act or deed.

SDCL 47-21-32

SL 1947, ch 33, § 19; SDC Supp 1960, § 11.2219 (2).