South Dakota § 47-1A-142 Number of shareholders.

South Dakota Statutes

§ 47-1A-142 — Number of shareholders.

South Dakota § 47-1A-142

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-142 (Number of shareholders.) 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-142 (2026).

Text

For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:

(1)Three or fewer co-owners;

(2)A corporation, partnership, trust, estate, or other entity;

(3)The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.

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

For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder: (1) Three or fewer co-owners; (2) A corporation, partnership, trust, estate, or other entity; (3) The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.