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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-740 Subpart definitions.
Universal Citation: SD Codified L § 47-1A-740 (2019)
47-1A-740. Subpart definitions. Terms used in §§ 47-1A-741 to 47-1A-747, inclusive, mean:
(1) "Derivative proceeding," a civil suit in the right of a domestic corporation or, to the extent provided in § 47-1A-747, in the right of a foreign corporation;
(2) "Shareholder," includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.
Source: SL 2005, ch 239, § 123.
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