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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-732.1 Form, approval, amendment, and term of shareholder agreements.
Universal Citation: SD Codified L § 47-1A-732.1 (2018)
47-1A-732.1. Form, approval, amendment, and term of shareholder agreements. Any agreement authorized by § 47-1A-732 shall be:
(1) Set forth in the articles of incorporation or bylaws and approved by all persons who are shareholders at the time of the agreement, or in a written agreement that is signed by all persons who are shareholders at the time of the agreement and is made known to the corporation;
(2) Subject to amendment only by all persons who are shareholders at the time of the amendment, unless the agreement provides otherwise; and
(3) Valid for ten years, unless the agreement provides otherwise.
Source: SL 2005, ch 239, § 117.
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