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Code · South Dakota · Title 47 · Chapter 47-34

47-34A-907. Action on plan of conversion by converting limited liability company.

98 words·~1 min read·/sd/title-47/chapter-47-34/47-34a-907

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(a)Subject to § 47-34A-914 , a plan of conversion must be consented to by all the members of a converting limited liability company.
(b)Subject to § 47-34A-914 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under § 47-34A-908 , a converting limited liability company may amend the plan or abandon the conversion:
(1)As provided in the plan; or
(2)Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
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