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2020 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
Section 47-1A-604.2 - Rights of holder of fractional share--Scrip.
Universal Citation:
SD Codified L § 47-1A-604.2 (2020)
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47-1A-604.2. Rights of holder of fractional share--Scrip.
The holder of a fractional share is entitled to exercise the rights of a shareholder, including the right to vote, to receive dividends, and to participate in the assets of the corporation upon liquidation. The holder of scrip is not entitled to any of these rights unless the scrip so provides.
Source: SL 2005, ch 239, ยง62.
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