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Code · South Dakota · Title 58 · Chapter 58-35

58-35-77. Articles of division of farm mutual--Articles of incorporation--Filing--Application of chapter provisions.

97 words·~1 min read·/sd/title-58/chapter-58-35/58-35-77

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The articles of division of a farm mutual, if approved, shall set forth the approved plan and such other information as required by § 58-35-63 and shall be filed and approved as provided for by § 58-35-64 . Each part of the plan that contains the articles of a new farm mutual shall be separately filed and recorded as articles of incorporation for such new farm mutual. Any new farm mutual formed pursuant to §§ 58-35-75 to 58-35-77 , inclusive, is subject to the provisions of this chapter in the same manner as any other farm mutual.
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