S.D. Codified Laws § 47-1A-603.1

Current through the 2024 Legislative Session

Section 47-1A-603.1 - Outstanding shares-Shares with unlimited voting rights and entitled to receipt of net assets upon dissolution required

At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.

SDCL 47-1A-603.1

SL 2005, ch 239, §59.