South Dakota § 47-1A-726 Action by single and multiple voting groups.

South Dakota Statutes

§ 47-1A-726 — Action by single and multiple voting groups.

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

If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in § 47-1A-725 . If the articles of incorporation or this chapter provide for voting by two or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in § 47-1A-725 . Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.

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

If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in § 47-1A-725 . If the articles of incorporation or this chapter provide for voting by two or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in § 47-1A-725 . Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.

South Dakota § 47-1A-726 (Action by single and multiple voting groups.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.