South Dakota Codified Laws 49-31-20. Merger, consolidation, or transfer of stock or other ownership interests–Notification
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Any telecommunications company that holds a certificate of authority to operate in this state shall notify the commission of any consolidation or merger or transfer of stock or other ownership interests that will result in a different person then owning more than fifty percent of the company’s stock or ownership interests.
Terms Used In South Dakota Codified Laws 49-31-20
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 52.1312; SL 1951, ch 259; SL 1987, ch 345, § 67; SL 1988, ch 375, § 24; SL 1992, ch 328, § 28; SL 1998, ch 274, § 21; SL 2005, ch 245, § 1.