S.D. Codified Laws § 47-1A-1330
This is the official text of S.D. Codified Laws § 47-1A-1330, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Official statutory text
If a shareholder makes demand for payment under § 47-1A-1326 which remains unsettled, the corporation shall commence a proceeding within sixty days after receiving the payment demand and petition the court to determine the fair value of the shares and accrued interest. If the corporation does not commence the proceeding within the sixty-day period, it shall pay in cash to each shareholder the amount the shareholder demanded pursuant to § 47-1A-1326 plus interest.
Source: SL 2005, ch 239, § 300.
Source: SL 2005, ch 239, § 300.
Status: in_force · Read it on the official government site
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