Section 47-1A-950.5 - Definition of terms applying to §§ 47-1A-950 to 47-1A-956. - South Dakota Statutes

47-1A-950.5. Definition of terms applying to §§ 47-1A-950 to 47-1A-956. Terms used in §§ 47-1A-950 to 47-1A-956, inclusive, mean:
(1) "Converting entity," the domestic business corporation or domestic unincorporated entity that adopts a plan of entity conversion or the foreign unincorporated entity converting to a domestic business corporation;
(2) "Surviving entity," the corporation or unincorporated entity that is in existence immediately after consummation of an entity conversion pursuant to §§ 47-1A-950 to 47-1A-956, inclusive.

Source: SL 2005, ch 239, § 220.