47-25-23. Abandonment of merger or consolidation.
61 words·~1 min read·
/sd/title-47/chapter-47-25/47-25-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
After approval by the members or, if there be no members entitled to vote thereon, by the board of directors, and at any time prior to the filing of the articles of merger or consolidation, a merger or consolidation described in § 47-25-18 may be abandoned pursuant to provisions thereof, if any, set forth in the plan of merger or consolidation.