South Dakota § 47-1A-627 Restriction on transfer of shares or registration of transfer of shares in articles, bylaws, or agreements--Effect on shares.

South Dakota Statutes

§ 47-1A-627 — Restriction on transfer of shares or registration of transfer of shares in articles, bylaws, or agreements--Effect on shares.

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

The articles of incorporation, bylaws, an agreement among shareholders, or an agreement between shareholders and the corporation may impose restrictions on the transfer or registration of transfer of shares of the corporation. A restriction does not affect shares issued before the restriction was adopted unless the holders of the shares are parties to the restriction agreement or voted in favor of the restriction.

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The articles of incorporation, bylaws, an agreement among shareholders, or an agreement between shareholders and the corporation may impose restrictions on the transfer or registration of transfer of shares of the corporation. A restriction does not affect shares issued before the restriction was adopted unless the holders of the shares are parties to the restriction agreement or voted in favor of the restriction.

South Dakota § 47-1A-627 (Restriction on transfer of shares or registration of transfer of shares in articles, bylaws, or agreements--Effect on shares.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.