South Dakota § 47-1A-863.2 Notice by director of all shares beneficially owned or voting of which is controlled by director or relative.

South Dakota Statutes

§ 47-1A-863.2 — Notice by director of all shares beneficially owned or voting of which is controlled by director or relative.

South Dakota § 47-1A-863.2

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-863.2 (Notice by director of all shares beneficially owned or voting of which is controlled by director or relative.) 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-863.2 (2026).

Text

For purposes of compliance with § 47-1A-863 , a director who has a conflicting interest respecting the transaction shall, before the shareholders' vote, inform the secretary, or other office or agent of the corporation authorized to tabulate votes, of the number, and the identity of persons holding or controlling the vote, of all shares that the director knows are beneficially owned, or the voting of which is controlled, by the director or by a related person of the director, or both.

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For purposes of compliance with § 47-1A-863 , a director who has a conflicting interest respecting the transaction shall, before the shareholders' vote, inform the secretary, or other office or agent of the corporation authorized to tabulate votes, of the number, and the identity of persons holding or controlling the vote, of all shares that the director knows are beneficially owned, or the voting of which is controlled, by the director or by a related person of the director, or both.