47-25A-1. Definitions.Terms used in this chapter, mean:(1)'Conversion,' a transaction authorized by §§47-25A-8 to 47-25A-22, inclusive;(2)'Converting corporation,' the domestic or foreign nonprofit or business corporation that approves a conversion pursuant to §§47-25A-8 to 47-25A-22, inclusive, or the applicable laws of the foreign jurisdiction;(3)'Converting entity,' the domestic or foreign entity that approves a conversion pursuant to §§47-25A-8 to 47-25A-22, inclusive;(4)'Domesticated corporation,' the domesticating corporation as it continues in existence after a domestication;(5)'Domesticating corporation,' the domestic nonprofit corporation that adopts a plan of domestication pursuant to §§47-25A-3 to 47-25A-7, inclusive, or the foreign nonprofit corporation that approves a domestication pursuant to the applicable laws of the foreign jurisdiction;(6)'Domestication,' a transaction authorized by §§47-25A-3 to 47-25A-7, inclusive;(7)'Surviving corporation,' the corporation as it continues in existence immediately after consummation of a for-profit conversion pursuant to §§47-25A-3 to 47-25A-22, inclusive;(8)'Surviving entity,' the unincorporated entity as it continues in it continues in existence immediately after consummation of a for-profit conversion pursuant to §§47-25A-3 to 47-25A-22, inclusive;(8)'Surviving entity,' the unincorporated entity as it continues in existence immediately after consummation of an entity conversion pursuant to §§47-25A-3 to 47-25A-22, inclusive. Source: SL 2016, ch 221, §16.
South Dakota Legal Code