S.D. Codified Laws § 47-1A-602.1
This is the official text of S.D. Codified Laws § 47-1A-602.1, 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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Terms of class or series determined by board of directors
Official statutory text
If the board of directors acts pursuant to § 47-1A-602 , the board shall determine the terms, including the preferences, rights, and limitations, to the same extent permitted under §§ 47-1A-601 to 47-1A-601.2 , inclusive, of:
(1) Any class of shares before the issuance of any shares of that class; or
(2) Any series within a class before the issuance of any shares of that series.
Before issuing any shares of a class or series created under § 47-1A-602 , the corporation shall deliver to the Office of the Secretary of State for filing articles of amendment setting forth the terms determined under this section.
Source: SL 2005, ch 239, § 57.
(1) Any class of shares before the issuance of any shares of that class; or
(2) Any series within a class before the issuance of any shares of that series.
Before issuing any shares of a class or series created under § 47-1A-602 , the corporation shall deliver to the Office of the Secretary of State for filing articles of amendment setting forth the terms determined under this section.
Source: SL 2005, ch 239, § 57.
Status: in_force · Read it on the official government site
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