S.D. Codified Laws § 47-1A-1402.3

Current through the 2024 Legislative Session
Section 47-1A-1402.3 - Votes required for adoption of proposal to dissolve

Unless the articles of incorporation or the board of directors acting pursuant to § 47-1A-1402.1 require a greater vote, a greater number of shares to be present, or a vote by voting groups, adoption of the proposal to dissolve shall require the approval of the shareholders at a meeting at which a quorum consisting of at least a majority of the votes entitled to be cast exists.

SDCL 47-1A-1402.3

SL 2005, ch 239, §312.