47-25-20. Compliance with local law by surviving corporation--Submission to service of process locally.

133 words·~1 min read·/sd/title-47/chapter-47-25/47-25-20

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If the surviving or new corporation of a merger or consolidation described in § 47-25-18 , as the case may be, is to be governed by the laws of any state other than this state, it shall comply with the provisions of chapter 47-27 with respect to foreign corporations if it is to conduct affairs in this state, and in every case it shall file with the secretary of state of this state:

(1)An agreement that it may be served with process in this state in any proceeding for the enforcement of any obligation of any domestic corporation which is a party to such merger or consolidation; and

(2)An irrevocable appointment of the secretary of state of this state as its agent to accept service of process in any such proceeding.