S.D. Codified Laws § 47-1A-740

Current through the 2024 Legislative Session
Section 47-1A-740 - Subpart definitions

Terms used in §§ 47-1A-741 to 47-1A-747, inclusive, mean:

(1) "Derivative proceeding," a civil suit in the right of a domestic corporation or, to the extent provided in § 47-1A-747, in the right of a foreign corporation;
(2) "Shareholder," includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.

SDCL 47-1A-740

SL 2005, ch 239, §123.