South Dakota Statutes
§ 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 .
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South Dakota § 47-11A-6 (Disposition of shares when shareholder no longer eligible.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.