GroundRules
← Search the law
South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-34A-914: Restrictions on approval of mergers, conversions, and domestications.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-34A. UNIFORM LIMITED LIABILITY COMPANY ACT

(a) If a member of a constituent, converting, or domesticating limited liability company will have personal liability with respect to a surviving, converted, or domesticated organization, approval or amendment of a plan of merger, conversion, or domestication is ineffective without the consent of the member, unless:

(1) The company's operating agreement provides for approval of a merger, conversion, or domestication with the consent of fewer than all the members; and

(2) The member has consented to the provision of the operating agreement.

(b) A member does not give the consent required by subsection (a) merely by consenting to a provision of the operating agreement that permits the operating agreement to be amended with the consent of fewer than all the members.

Collected 2026-09-03T15:18:57Z. Source file · JSON

Browse this collection