South Dakota § 47-1A-626 Shares without certificates.

South Dakota Statutes

§ 47-1A-626 — Shares without certificates.

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

Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation. Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by §§ 47-1A-625 and 47-1A-625.1 , and, if applicable, §§ 47-1A-627 to 47-1A-627.2 , inclusive.

Free access — add to your briefcase to read the full text and ask questions with AI

Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation. Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by §§ 47-1A-625 and 47-1A-625.1 , and, if applicable, §§ 47-1A-627 to 47-1A-627.2 , inclusive.

South Dakota § 47-1A-626 (Shares without certificates.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.