S.D. Codified Laws § 47-1A-1602.3
This is the official text of S.D. Codified Laws § 47-1A-1602.3, 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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Abolition or limitation of right of inspection prohibited--Application
Official statutory text
The right of inspection granted by §§ 47-1A-1602 to 47-1A-1602.2 , inclusive, may not be abolished or limited by a corporation's articles of incorporation or bylaws.
The provisions of this section do not affect:
(1) The right of a shareholder to inspect records under § 47-1A-720 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant;
(2) The power of a court, independently of this chapter, to compel the production of corporate records for examination.
For purposes of §§ 47-1A-1602 to 47-1A-1602.3 , inclusive, the term, shareholder, includes a beneficial owner whose shares are held in a voting trust or by a nominee on his behalf.
Source: SL 2005, ch 239, § 376.
The provisions of this section do not affect:
(1) The right of a shareholder to inspect records under § 47-1A-720 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant;
(2) The power of a court, independently of this chapter, to compel the production of corporate records for examination.
For purposes of §§ 47-1A-1602 to 47-1A-1602.3 , inclusive, the term, shareholder, includes a beneficial owner whose shares are held in a voting trust or by a nominee on his behalf.
Source: SL 2005, ch 239, § 376.
Status: in_force · Read it on the official government site
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