S.D. Codified Laws § 47-1A-863.3
This is the official text of S.D. Codified Laws § 47-1A-863.3, 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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Court authority upon failure of shareholder vote to comply with §47-1A-863
Official statutory text
If a shareholders' vote does not comply with § 47-1A-863 solely because of a failure of a director to comply with § 47-1A-863.2 , and if the director establishes that the director's failure did not determine and was not intended by the director to influence the outcome of the vote, the court may, with or without further proceedings respecting subdivision 47-1A-861.1 (3), take such action respecting the transaction and the director, and give such effect, if any, to the shareholders' vote, as it considers appropriate in the circumstances.
Source: SL 2005, ch 239, § 193.
Source: SL 2005, ch 239, § 193.
Status: in_force · Read it on the official government site
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