S.D. Codified Laws § 47-34A-907

Action on plan of conversion by converting limited liability company

Known as the South Dakota Limited Liability Company Act

The act spans §§ 47–47 (113 sections).

Source: SL 1998, ch 272, § 907; SL 2013, ch 233, § 21.

(a) Subject to § 47-34A-914, a plan of conversion must be consented to by all the members of a converting limited liability company.

(b) Subject to § 47-34A-914 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under § 47-34A-908, a converting limited liability company may amend the plan or abandon the conversion:

(1) As provided in the plan; or

(2) Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.