47-1A-920.5. Evidence of indebtedness or contract with merger provision containing not reference to domestication--Provision application to domestication.
82 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-920-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any debt security, note or similar evidence of indebtedness for money borrowed, whether secured or unsecured, or a contract of any kind, issued, incurred, or executed by a domestic business corporation before July 1, 2005, contains a provision applying to a merger of the corporation and the document does not refer to a domestication of the corporation, the provision is deemed to apply to a domestication of the corporation until such time as the provision is amended subsequent to that date.