South Dakota § 47-1A-1202.2 Meeting of shareholders to consider disposition--Notice.

South Dakota Statutes

§ 47-1A-1202.2 — Meeting of shareholders to consider disposition--Notice.

South Dakota § 47-1A-1202.2

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-1202.2 (Meeting of shareholders to consider disposition--Notice.) 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 § 47-1A-1202.2 (2026).

Text

If a disposition is required to be approved by the shareholders under § 47-1A-1202 , and if the approval is to be given at a meeting, the corporation shall notify each shareholder, whether or not entitled to vote, of the meeting of shareholders at which the disposition is to be submitted for approval. The notice shall state that the purpose, or one of the purposes, of the meeting is to consider the disposition and shall contain a description of the disposition, including the terms and conditions thereof and the consideration to be received by the corporation.

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If a disposition is required to be approved by the shareholders under § 47-1A-1202 , and if the approval is to be given at a meeting, the corporation shall notify each shareholder, whether or not entitled to vote, of the meeting of shareholders at which the disposition is to be submitted for approval. The notice shall state that the purpose, or one of the purposes, of the meeting is to consider the disposition and shall contain a description of the disposition, including the terms and conditions thereof and the consideration to be received by the corporation.