South Dakota § 47-33-8 Control share acquisition--Voting rights.

South Dakota Statutes

§ 47-33-8 — Control share acquisition--Voting rights.

South Dakota § 47-33-8

Title 47CORPORATIONS

Ch. 47-33SOUTH DAKOTA DOMESTIC PUBLIC CORPORATION TAKEOVER ACT

This text of South Dakota § 47-33-8 (Control share acquisition--Voting rights.) 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 § 47-33-8 (2026).

Text

Unless the corporation's articles expressly provide, before the control share acquisition, that §§ to 47-33-16 , inclusive, do not apply to control share acquisitions of shares of the corporation, the shares of a domestic public corporation acquired by an acquiring person in a control share acquisition that exceed the threshold of voting power of any of the ranges specified in subdivision 47-33-9(4) shall have only the voting rights as shall be accorded to them pursuant to § 47-33-12 .

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Unless the corporation's articles expressly provide, before the control share acquisition, that §§ to 47-33-16 , inclusive, do not apply to control share acquisitions of shares of the corporation, the shares of a domestic public corporation acquired by an acquiring person in a control share acquisition that exceed the threshold of voting power of any of the ranges specified in subdivision 47-33-9(4) shall have only the voting rights as shall be accorded to them pursuant to § 47-33-12 .