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Conversion of domestic business corporation to domestic nonprofit corporation.

SDCL § 47-25A-19
in effect
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47-25A-19. Conversion of domestic business corporation to domestic nonprofit corporation. A domestic business corporation may become a domestic nonprofit corporation pursuant to a plan of nonprofit conversion only if incorporating pursuant to this chapter is not prohibited by any other law of this state. If the law of a domestic business corporation does not provide procedures for the approval of either a nonprofit conversion or a merger, a plan of nonprofit conversion must be adopted and approved, and the conversion effectuated in accordance with this chapter. SL 2016, ch 221, § 34.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-25A-19Fetched: 10/20/2026

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