2020 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
Section 47-1A-1602.3 - Abolition or limitation of right of inspection prohibited--Application.

47-1A-1602.3. Abolition or limitation of right of inspection prohibited--Application.

The right of inspection granted by §§47-1A-1602 to 47-1A-1602.2, inclusive, may not be abolished or limited by a corporation's articles of incorporation or bylaws.

The provisions of this section do not affect:

(1)The right of a shareholder to inspect records under §47-1A-720 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant;

(2)The power of a court, independently of this chapter, to compel the production of corporate records for examination.

For purposes of §§47-1A-1602 to 47-1A-1602.3, inclusive, the term, shareholder, includes a beneficial owner whose shares are held in a voting trust or by a nominee on his behalf.

Source: SL 2005, ch 239, §376.