South Dakota § 49-33-22 Increase in capital stock and amendment of articles of incorporation--Majority vote or greater required.

South Dakota Statutes

§ 49-33-22 — Increase in capital stock and amendment of articles of incorporation--Majority vote or greater required.

South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-32A ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS

The capital stock of any corporation organized under this chapter may be increased to such an amount as may, by its stockholders, be deemed necessary, and the articles of incorporation may be amended by the vote of the owners of a majority of its capital stock, or such greater proportions of the shares of capital stock, or of any class or series thereof, as provided in the corporation's articles of incorporation, at any annual meeting or at any special meeting called for that purpose.

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The capital stock of any corporation organized under this chapter may be increased to such an amount as may, by its stockholders, be deemed necessary, and the articles of incorporation may be amended by the vote of the owners of a majority of its capital stock, or such greater proportions of the shares of capital stock, or of any class or series thereof, as provided in the corporation's articles of incorporation, at any annual meeting or at any special meeting called for that purpose.

South Dakota § 49-33-22 (Increase in capital stock and amendment of articles of incorporation--Majority vote or greater required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.