S.D. Codified Laws § 47-1A-1431.3
This is the official text of S.D. Codified Laws § 47-1A-1431.3, 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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Shareholder right to avoid dissolution by purchase of petitioner shares--Notice
Official statutory text
Within ten days of the commencement of a proceeding under subdivision 47-1A-1430(2) to dissolve a corporation that has no shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association, the corporation shall send to all shareholders, other than the petitioner, a notice stating that the shareholders are entitled to avoid the dissolution of the corporation by electing to purchase the petitioner's shares under §§ 47-1A-1434 to 47-1A-1434.7 , inclusive and accompanied by a copy of §§ 47-1A-1434 to 47-1A-1434.7 , inclusive.
Source: SL 2005, ch 239, § 335.
Source: SL 2005, ch 239, § 335.
Status: in_force · Read it on the official government site
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