There is a newer version
of
this Section
2020 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
Section 47-1A-604 - Fractional shares--Scrip.
Universal Citation: SD Codified L § 47-1A-604 (2020)
47-1A-604. Fractional shares--Scrip.
A corporation may:
(1)Issue fractions of a share or pay in money the value of fractions of a share;
(2)Arrange for disposition of fractional shares by the shareholders;
(3)Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.
Source: SL 2005, ch 239, ยง60.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
