South Dakota Codified Laws 47-21-23. Submission of conversion proposition to stockholders–Notice of meeting
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The proposition for the conversion of the corporation described in § 47-21-22 into a cooperative and proposed articles of conversion to give effect thereto shall be submitted to a meeting of the members or stockholders of such corporation, or in case of a corporation having no members or stockholders, to a meeting of the incorporators of such corporation, the notice of which shall have attached thereto a copy of the proposed articles of conversion.
Terms Used In South Dakota Codified Laws 47-21-23
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 1947, ch 33, § 20; SDC Supp 1960, § 11.2220 (1).