South Dakota § 47-1A-120.1 - Terms of plan or filed document dependent on extrinsic facts--Applicable provisions.
Full text of South Dakota South Dakota Codified Laws § 47-1A-120.1 — Terms of plan or filed document dependent on extrinsic facts--Applicable provisions., with citation guidance and answers to common questions.
§ 47-1A-120.1. Terms of plan or filed document dependent on extrinsic facts--Applicable provisions.
If a provision of this chapter permits any of the terms of a plan or a filed document to be dependent on facts objectively ascertainable outside the plan or filed document, the following provisions apply:
(1) The manner in which the facts will operate upon the terms of the plan or filed document shall be set forth in the plan or filed document;
(2) The facts may include:
(a) Any of the following that are available in a nationally recognized news or information medium either in print or electronically: statistical or market indices, market prices of any security or group of securities, interest rates, currency exchange rates, or similar economic or financial data;
(b) A determination or action by any person, including the corporation or any other party to a plan or filed document; or
(c) The terms of, or actions taken under, an agreement to which the corporation is a party, or any other agreement or document.
For the purposes of this section, a filed document is a document filed with the Office of the Secretary of State under any provision of this chapter except §§ 47-1A-1502 to 47-1A-1601, inclusive, or §§ 47-1A-1621.1 to 47-1A-1701, inclusive, and a plan is a plan of domestication, nonprofit conversion, entity conversion, merger, or share exchange.
Source: SL 2005, ch 239, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-120.1
What does South Dakota Codified Laws § 47-1A-120.1 cover?
Section 47-1A-120.1 ("Terms of plan or filed document dependent on extrinsic facts--Applicable provisions.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 47-1A-120.1?
A common citation format is "South Dakota Codified Laws § 47-1A-120.1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 47-1A-120.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.