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2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 01A. South Dakota Business Corporation Act
§47-1A-604 Fractional shares--Scrip.


SD Codified L § 47-1A-604 (through 2011) What's This?

47-1A-604. Fractional shares--Scrip. A corporation may:

(1) Issue fractions of a share or pay in money the value of fractions of a share;

(2) Arrange for disposition of fractional shares by the shareholders;

(3) Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.

Source: SL 2005, ch 239, § 60.

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