South Dakota § 47-25-26 Authorization of transfer by members--Two

South Dakota Statutes

§ 47-25-26 — Authorization of transfer by members--Two

South Dakota § 47-25-26

Title 47CORPORATIONS

Ch. 47-25NONPROFIT CORPORATIONS--REORGANIZATION

This text of South Dakota § 47-25-26 (Authorization of transfer by members--Two) 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 § 47-25-26 (2026).

Text

At the meeting required by § 47-25-25 the members may authorize the sale, lease, exchange, mortgage, pledge, or other disposition described by § 47-25-24 and may fix, or may authorize the board of directors to fix, any or all of the terms and conditions thereof and the consideration to be received by the corporation therefor. Such authorization shall require the vote of at least two - thirds of the votes entitled to be cast by members present or represented by proxy at such meeting.

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

At the meeting required by § 47-25-25 the members may authorize the sale, lease, exchange, mortgage, pledge, or other disposition described by § 47-25-24 and may fix, or may authorize the board of directors to fix, any or all of the terms and conditions thereof and the consideration to be received by the corporation therefor. Such authorization shall require the vote of at least two - thirds of the votes entitled to be cast by members present or represented by proxy at such meeting.