South Dakota Statutes
§ 47-11A-6 — Disposition of shares when shareholder no longer eligible.
South Dakota § 47-11A-6
This text of South Dakota § 47-11A-6 (Disposition of shares when shareholder no longer eligible.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 47-11A-6 (2026).
Text
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 .
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Legislative History
SL 1970, ch 258, § 1 (5).
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-11A-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-11A-6.