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2020 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
Section 47-1A-1303.1 - Assertion of appraisal rights of beneficial shareholder.
Universal Citation: SD Codified L § 47-1A-1303.1 (2020)
47-1A-1303.1. Assertion of appraisal rights of beneficial shareholder.
A beneficial shareholder may assert appraisal rights as to shares of any class or series held on behalf of the shareholder only if such shareholder:
(1)Submits to the corporation the record shareholder's written consent to the assertion of such rights no later than the date referred to in subsection 47-1A-1322.1(2)(b); and
(2)Does so with respect to all shares of the class or series that are beneficially owned by the beneficial shareholder.
Source: SL 2005, ch 239, ยง286.
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