South Dakota § 49-33-23 Issuance of preferred stock.

South Dakota Statutes

§ 49-33-23 — Issuance of preferred stock.

South Dakota § 49-33-23

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-32AELECTRIC, STREET RAILWAY AND GAS CORPORATIONS

This text of South Dakota § 49-33-23 (Issuance of preferred stock.) 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 § 49-33-23 (2026).

Text

Notwithstanding the provisions of §§ 47-1A-601 to 47-1A-640.5 , inclusive, a corporation, now or hereafter formed under the provisions of this chapter may provide in its articles of incorporation, or in any amendment thereof, for the issuance of preferred stock in series and authorize the board of directors (within the limits, if any, prescribed in such articles of incorporation or amendment) to fix certain or all of the characteristics and rights thereof.

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Notwithstanding the provisions of §§ 47-1A-601 to 47-1A-640.5 , inclusive, a corporation, now or hereafter formed under the provisions of this chapter may provide in its articles of incorporation, or in any amendment thereof, for the issuance of preferred stock in series and authorize the board of directors (within the limits, if any, prescribed in such articles of incorporation or amendment) to fix certain or all of the characteristics and rights thereof.