There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 01A. South Dakota Business Corporation Act
§47-1A-631 Corporation's acquisition of its own shares.
SD Codified L § 47-1A-631 (through 2011) What's This?
47-1A-631. Corporation's acquisition of its own shares. A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares. If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.
Source: SL 2005, ch 239, § 79.
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