South Dakota Statutes
§ 47-1A-604 — Fractional shares--Scrip.
South Dakota § 47-1A-604
This text of South Dakota § 47-1A-604 (Fractional shares--Scrip.) 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-604 (2026).
Text
A corporation may:
(1)Issue fractions of a share or pay in money the value of fractions of a share;
(2)Arrange for disposition of fractional shares by the shareholders;
(3)Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.
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Legislative History
SL 2005, ch 239, § 60.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-604, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-604.