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 § 47-1A-625

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-625 (Form and content of certificates generally.) 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-625 (2026).

Text

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.