Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 11A - CHIROPRACTIC CORPORATIONS
Section 47-11A-6 - Disposition of shares when shareholder no longer eligible

S.D. Codified Laws § 47-11A-6

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Current through the 2024 Legislative Session
Section 47-11A-6 - Disposition of shares when shareholder no longer eligible

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

SL 1970, ch 258, § 1 (5).