S.D. Codified Laws § 47-11A-6
Current with legislation signed by the governor on or before 3/6/2024
Provisions shall be made requiring any shareholder of a corporation formed under § 47-11A-1 who ceases to be eligible to be a shareholder to dispose of all his shares forthwith either to the corporation or to any person having the qualifications prescribed in § 47-11A-5.
SDCL 47-11A-6