South Dakota Statutes
§ 47-1A-603.1 — Outstanding shares--Shares with unlimited voting rights and entitled to receipt of net assets upon dissolution required.
South Dakota § 47-1A-603.1
This text of South Dakota § 47-1A-603.1 (Outstanding shares--Shares with unlimited voting rights and entitled to receipt of net assets upon dissolution required.) 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-603.1 (2026).
Text
At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 2005, ch 239, § 59.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-1A-603.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-603.1.