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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-863.2 Notice by director of all shares beneficially owned or voting of which is controlled by director or relative.
Universal Citation: SD Codified L § 47-1A-863.2 (2018)
47-1A-863.2. Notice by director of all shares beneficially owned or voting of which is controlled by director or relative. For purposes of compliance with § 47-1A-863, a director who has a conflicting interest respecting the transaction shall, before the shareholders' vote, inform the secretary, or other office or agent of the corporation authorized to tabulate votes, of the number, and the identity of persons holding or controlling the vote, of all shares that the director knows are beneficially owned, or the voting of which is controlled, by the director or by a related person of the director, or both.
Source: SL 2005, ch 239, § 192.
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