South Dakota Statutes
§ 47-1A-603 — Issuance of shares--Outstanding until reacquired, redeemed, converted, or cancelled.
South Dakota § 47-1A-603
This text of South Dakota § 47-1A-603 (Issuance of shares--Outstanding until reacquired, redeemed, converted, or cancelled.) 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-603 (2026).
Text
A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or cancelled. The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of § 47-1A-603.1 and §§ 47-1A-640 to 47-1A-640.5 , inclusive.
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Legislative History
SL 2005, ch 239, § 58.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-1A-603, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-603.