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2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 01A. South Dakota Business Corporation Act
§47-1A-1602.2 Prerequisites to shareholder right to inspect and copy records specified in § 47-1A-1602.1.


SD Codified L § 47-1A-1602.2 (through 2011) What's This?

47-1A-1602.2. Prerequisites to shareholder right to inspect and copy records specified in § 47-1A-1602.1. A shareholder may inspect and copy the records described in § 47-1A-1602.1 only if:

(1) Demand is made in good faith and for a proper purpose;

(2) The shareholder describes with reasonable particularity the purpose and the records the shareholder desires to inspect; and

(3) The records are directly connected with the purpose.

Source: SL 2005, ch 239, § 375.

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