South Dakota § 47-1A-1302.3 Challenge of specified completed corporate actions--Limitation.

South Dakota Statutes

§ 47-1A-1302.3 — Challenge of specified completed corporate actions--Limitation.

South Dakota § 47-1A-1302.3

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-1302.3 (Challenge of specified completed corporate actions--Limitation.) 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-1302.3 (2026).

Text

No shareholder may challenge a completed corporate action described in § 47-1A-1302 , other than those subscribed in subdivisions 47-1A-1302.1 (3) and (4), unless such corporate action:

(1)Was not effectuated in accordance with the applicable provisions of §§ 47-1A-901 to 47-1A-1202.6 , inclusive, or the corporation's articles of incorporation, bylaws or board of directors' resolution authorizing the corporate action; or (2) Was procured as a result of fraud or material misrepresentation.

Free access — add to your briefcase to read the full text and ask questions with AI

No shareholder may challenge a completed corporate action described in § 47-1A-1302 , other than those subscribed in subdivisions 47-1A-1302.1 (3) and (4), unless such corporate action: (1) Was not effectuated in accordance with the applicable provisions of §§ 47-1A-901 to 47-1A-1202.6 , inclusive, or the corporation's articles of incorporation, bylaws or board of directors' resolution authorizing the corporate action; or (2) Was procured as a result of fraud or material misrepresentation.