{"data":{"id":"us-sd/sdcl-47-1a-1102.2","jurisdiction":"us-sd","citation":"SDCL § 47-1A-1102.2","heading":"Procedures for approval of merger if not in organic law of entity.","body":"If the organic law of a domestic eligible entity does not provide procedures for the approval of a merger, a plan of merger may be adopted and approved, the merger effectuated, and appraisal rights exercised in accordance with the procedures in §§ 47-1A-1101 to 47-1A-1108, inclusive, and §§ 47-1A-1301 to 47-1A-1331.2, inclusive. For the purposes of applying §§ 47-1A-1101 to 47-1A-1108, inclusive, and §§ 47-1A-1301 to 47-1A-1331.2, inclusive:\n(1) The eligible entity, its members or interest holders, eligible interests, and organic documents taken together shall be deemed to be a domestic business corporation, shareholders, shares, and articles of incorporation, respectively and vice versa as the context may require; and\n(2) If the business and affairs of the eligible entity are managed by a group of persons that is not identical to the members or interest holders, that group shall be deemed to be the board of directors.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-1102.2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"43658e2baf4e3f290749a4668c385465be59896ea880fbe32956cd1735df7ca5","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-1102.1","next":"us-sd/sdcl-47-1a-1102.3"},"notice":"GroundRules: Original legal text. Not legal advice."}