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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-863.1 Quorum of qualified shareholders.
Universal Citation: SD Codified L § 47-1A-863.1 (2019)
47-1A-863.1. Quorum of qualified shareholders. A majority of the votes entitled to be cast by the holders of all qualified shares constitutes a quorum for purposes of action that complies with § 47-1A-863. Subject to the provisions of §§ 47-1A-863.2 and 47-1A-863.3, shareholders' action that otherwise complies with § 47-1A-863 is not affected by the presence of holders, or the voting, of shares that are not qualified shares.
Source: SL 2005, ch 239, § 191.
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