South Dakota § 47-1A-1602.3 Abolition or limitation of right of inspection prohibited--Application.

South Dakota Statutes

§ 47-1A-1602.3 — Abolition or limitation of right of inspection prohibited--Application.

South Dakota § 47-1A-1602.3

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-1602.3 (Abolition or limitation of right of inspection prohibited--Application.) 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-1602.3 (2026).

Text

The right of inspection granted by §§ 47-1A-1602 to 47-1A-1602.2 , inclusive, may not be abolished or limited by a corporation's articles of incorporation or bylaws. The provisions of this section do not affect:

(1)The right of a shareholder to inspect records under § 47-1A-720 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant;

(2)The power of a court, independently of this chapter, to compel the production of corporate records for examination. For purposes of §§ 47-1A-1602 to , inclusive, the term, shareholder, includes a beneficial owner whose shares are held in a voting trust or by a nominee on his behalf.

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The right of inspection granted by §§ 47-1A-1602 to 47-1A-1602.2 , inclusive, may not be abolished or limited by a corporation's articles of incorporation or bylaws. The provisions of this section do not affect: (1) The right of a shareholder to inspect records under § 47-1A-720 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant; (2) The power of a court, independently of this chapter, to compel the production of corporate records for examination. For purposes of §§ 47-1A-1602 to , inclusive, the term, shareholder, includes a beneficial owner whose shares are held in a voting trust or by a nominee on his behalf.