South Dakota § 47-1A-732.1 Form, approval, amendment, and term of shareholder agreements.

South Dakota Statutes

§ 47-1A-732.1 — Form, approval, amendment, and term of shareholder agreements.

South Dakota § 47-1A-732.1

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-732.1 (Form, approval, amendment, and term of shareholder agreements.) 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-732.1 (2026).

Text

Any agreement authorized by § 47-1A-732 shall be:

(1)Set forth in the articles of incorporation or bylaws and approved by all persons who are shareholders at the time of the agreement, or in a written agreement that is signed by all persons who are shareholders at the time of the agreement and is made known to the corporation;

(2)Subject to amendment only by all persons who are shareholders at the time of the amendment, unless the agreement provides otherwise; and (3) Valid for ten years, unless the agreement provides otherwise.

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Any agreement authorized by § 47-1A-732 shall be: (1) Set forth in the articles of incorporation or bylaws and approved by all persons who are shareholders at the time of the agreement, or in a written agreement that is signed by all persons who are shareholders at the time of the agreement and is made known to the corporation; (2) Subject to amendment only by all persons who are shareholders at the time of the amendment, unless the agreement provides otherwise; and (3) Valid for ten years, unless the agreement provides otherwise.