S.D. Codified Laws § 47-1A-626
This is the official text of S.D. Codified Laws § 47-1A-626, 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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Shares without certificates
Official statutory text
Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.
Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by §§ 47-1A-625 and 47-1A-625.1 , and, if applicable, §§ 47-1A-627 to 47-1A-627.2 , inclusive.
Source: SL 2005, ch 239, § 73.
Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by §§ 47-1A-625 and 47-1A-625.1 , and, if applicable, §§ 47-1A-627 to 47-1A-627.2 , inclusive.
Source: SL 2005, ch 239, § 73.
Status: in_force · Read it on the official government site
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