SDCL § 47-1A-950.5: Definition of terms applying to §§ 47-1A-950 to 47-1A-956.

Terms used in §§ 47-1A-950 to 47-1A-956, inclusive, mean:

(1) "Converting entity," the domestic business corporation or domestic unincorporated entity that adopts a plan of entity conversion or the foreign unincorporated entity converting to a domestic business corporation;

(2) "Surviving entity," the corporation or unincorporated entity that is in existence immediately after consummation of an entity conversion pursuant to §§ 47-1A-950 to 47-1A-956, inclusive.