South Dakota § 47-34A-906 - Conversion.
Full text of South Dakota South Dakota Codified Laws § 47-34A-906 — Conversion., with citation guidance and answers to common questions.
§ 47-34A-906. Conversion.
(a) An organization other than a limited liability company or a foreign limited liability company may convert to a limited liability company, and a limited liability company may convert to an organization other than a foreign limited liability company pursuant to §§ 47-34A-907 to 47-34A-909, inclusive, and a plan of conversion, if:
(1) The other organization's governing statute authorizes the conversion;
(2) The conversion is not prohibited by the law of the jurisdiction that enacted the other organization's governing statute; and
(3) The other organization complies with its governing statute in effecting the conversion.
(b) A plan of conversion must be in a record and must include:
(1) The name and form of the organization before conversion;
(2) The name and form of the organization after conversion;
(3) The terms and conditions of the conversion, including the manner and basis for converting interests in the converting organization into any combination of money, interests in the converted organization, and other consideration; and
(4) The organizational documents of the converted organization that are, or are proposed to be, in a record.
Source: SL 1998, ch 272, § 906; SL 2008, ch 275, § 78; SL 2013, ch 233, § 20.
Frequently Asked Questions About South Dakota § 47-34A-906
What does South Dakota Codified Laws § 47-34A-906 cover?
Section 47-34A-906 ("Conversion.") 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 § 47-34A-906?
A common citation format is "South Dakota Codified Laws § 47-34A-906" (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 § 47-34A-906 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.