47-25A-5. Articles of domestication.
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/sd/title-47/chapter-47-25/47-25a-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Articles of domestication must be signed on behalf of the domesticating corporation by any officer or other duly authorized representative. The articles of domestication must set forth:
(1)The name and jurisdiction of incorporation of the domesticating corporation;
(2)The name and jurisdiction of incorporation of the domesticated entity; and
(3)If the domesticating corporation is a domestic nonprofit corporation, a statement that the plan of domestication was approved in accordance with the laws of this state, or, if the domesticating corporation is a foreign nonprofit corporation, a statement that the domestication was approved in accordance with the laws of its jurisdiction of incorporation.
(b)If the domesticated corporation is a domestic nonprofit corporation, the articles of domestication shall contain all of the provisions required to be contained in the articles of incorporation of a nonprofit corporation as set forth in § 47-22-6 . The name of the domesticated corporation must satisfy the requirements of §§ 47-22-7 and 47-22-8.1 .
(c)The articles of domestication must be delivered to the Office of the Secretary of State for filing.
(d)If the domesticating corporation is a qualified foreign nonprofit corporation, its certificate of authority is cancelled automatically on the effective date of its domestication.