South Dakota § 47-1A-1325.1 Notice required upon withholding of payment for after-acquired shares.

South Dakota Statutes

§ 47-1A-1325.1 — Notice required upon withholding of payment for after-acquired shares.

South Dakota § 47-1A-1325.1

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-1325.1 (Notice required upon withholding of payment for after-acquired shares.) 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-1325.1 (2026).

Text

If the corporation elected to withhold payment under § 47-1A-1325 , the corporation must, within thirty days after the form required by subsection 47-1A-1322.1 (2)(b) is due, notify all shareholders who are described in § 47-1A-1325 :

(1)Of the information required by subdivision 47-1A-1324(1);

(2)Of the corporation's estimate of fair value pursuant to subdivision 47-1A-1324(2);

(3)That they may accept the corporation's estimate of fair value, plus interest, in full satisfaction of their demands or demand appraisal under § 47-1A-1326 ;

(4)That those shareholders who wish to accept such offer must so notify the corporation of their acceptance of the corporation's offer within thirty days after receiving the offer; and (5) That those shareholders who do not satisfy the req

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If the corporation elected to withhold payment under § 47-1A-1325 , the corporation must, within thirty days after the form required by subsection 47-1A-1322.1 (2)(b) is due, notify all shareholders who are described in § 47-1A-1325 : (1) Of the information required by subdivision 47-1A-1324(1); (2) Of the corporation's estimate of fair value pursuant to subdivision 47-1A-1324(2); (3) That they may accept the corporation's estimate of fair value, plus interest, in full satisfaction of their demands or demand appraisal under § 47-1A-1326 ; (4) That those shareholders who wish to accept such offer must so notify the corporation of their acceptance of the corporation's offer within thirty days after receiving the offer; and (5) That those shareholders who do not satisfy the requirements for demanding appraisal under § 47-1A-1326 shall be deemed to have accepted the corporation's offer.