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

SDCL § 47-1A-604.2: Rights of holder of fractional share--Scrip.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT

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.

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

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