47-1A-1107.3. Effect of merger on surviving foreign corporation or foreign eligible entity.
92 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1107-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon a merger becoming effective, a foreign corporation, or a foreign eligible entity, that is the survivor of the merger is deemed to:
(1)Agree that service of process in a proceeding to enforce the rights of shareholders of each domestic corporation that is a party to the merger who exercise appraisal rights may be made in the manner provided in §§ 59-11-16 to 59-11-19 , inclusive; and
(2)Agree that it will promptly pay the amount, if any, to which such shareholders are entitled under §§ 47-1A-1301 to 47-1A-1331.2 , inclusive.