South Dakota § 47-1A-602 Classification or reclassification of unissued shares determined by board of directors.

South Dakota Statutes

§ 47-1A-602 — Classification or reclassification of unissued shares determined by board of directors.

South Dakota § 47-1A-602

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-602 (Classification or reclassification of unissued shares determined by board of directors.) 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-602 (2026).

Text

If the articles of incorporation so provide, the board of directors, without shareholder approval, may:

(1)Classify any unissued shares into one or more classes or into one or more series within a class;

(2)Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or (3) Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.

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If the articles of incorporation so provide, the board of directors, without shareholder approval, may: (1) Classify any unissued shares into one or more classes or into one or more series within a class; (2) Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or (3) Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.