South Dakota § 47-1A-625 Form and content of certificates generally.

South Dakota Statutes

§ 47-1A-625 — Form and content of certificates generally.

South Dakota·Title 47 CORPORATIONS·Ch. 47-1 SOUTH DAKOTA BUSINESS CORPORATION ACT

Shares may but need not be represented by certificates. Unless this chapter or another statute expressly provides otherwise, the rights and obligations of shareholders are identical whether or not their shares are represented by certificates. At a minimum each share certificate shall state on its face:

(1)The name of the issuing corporation and that it is organized under the law of this state;

(2)The name of the person to whom issued; and (3) The number and class of shares and the designation of the series, if any, the certificate represents.

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Shares may but need not be represented by certificates. Unless this chapter or another statute expressly provides otherwise, the rights and obligations of shareholders are identical whether or not their shares are represented by certificates. At a minimum each share certificate shall state on its face: (1) The name of the issuing corporation and that it is organized under the law of this state; (2) The name of the person to whom issued; and (3) The number and class of shares and the designation of the series, if any, the certificate represents.

South Dakota § 47-1A-625 (Form and content of certificates generally.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.