South Dakota Codified Laws 47-18-2. Articles of merger or consolidation–Contents–Effective date
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Articles of merger or consolidation of cooperatives shall set forth the approved plan and such other information as is required by § 47-15-9. They shall be signed by two principal officers of each cooperative merging or consolidating, sealed with the seal of each such cooperative, filed, and recorded as an amendment to the articles. Unless otherwise specified in the plan, the merger, or consolidation is effective when the articles are so recorded.
Terms Used In South Dakota Codified Laws 47-18-2
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word "seal" written or printed on such paper. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 11.1140 (1) as enacted by SL 1965, ch 23, § 1.