South Dakota Statutes
§ 47-1A-604 — Fractional shares--Scrip.
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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South Dakota § 47-1A-604 (Fractional shares--Scrip.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.