Merger of corporations--Plan of merger--Contents of plan

SDCL § 47-25-1 — under NONPROFIT CORPORATIONS--REORGANIZATION.

SDCL § 47-25-1

Any two or more domestic corporations may merge into one of such corporations pursuant to a plan of merger approved in the manner provided in this chapter. Each corporation shall adopt a plan of merger setting forth: (1) The names of the corporation proposing to merge, and the name of the corporation into which they propose to merge, which is hereinafter designated as the surviving corporation; (2) The terms and conditions of the proposed merger; (3) A statement of any changes in the articles of incorporation of the surviving corporation to be effected by such merger; (4) Such other provisions with respect to the proposed merger as are deemed necessary or desirable. Source: SL 1965, ch 24 , § 40.