South Dakota Codified Laws 47-25-14. Cessation of previous corporate existence
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When a merger or consolidation has been effected pursuant to this chapter, the separate existence of all corporations parties to the plan of merger or consolidation, except the surviving or new corporation, shall cease.
Terms Used In South Dakota Codified Laws 47-25-14
- 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 1965, ch 24, § 44 (2).