South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-1A-604: Fractional shares--Scrip.

Where this section sits in the code

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.

Collected 2026-09-03T15:18:57Z. Source file · JSON