South Dakota Statutes
§ 47-1A-604.2 — Rights of holder of fractional share--Scrip.
South Dakota § 47-1A-604.2
This text of South Dakota § 47-1A-604.2 (Rights of holder of fractional share--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-604.2 (2026).
Text
The holder of a fractional share is entitled to exercise the rights of a shareholder, including the right to vote, to receive dividends, and to participate in the assets of the corporation upon liquidation. The holder of scrip is not entitled to any of these rights unless the scrip so provides.
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Legislative History
SL 2005, ch 239, § 62.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-604.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-604.2.