{"data":{"id":"us-sd/sdcl-47-16-35","jurisdiction":"us-sd","citation":"SDCL § 47-16-35","heading":"Actions by stockholders or members--Allegations respecting ownership.","body":"No action may be instituted or maintained in the right of any association by a member or stockholder unless he alleges in his complaint that he was a member or registered stockholder when any part of the transaction of which he complains took place, or that his stock thereafter devolved upon him by operation of law from a stockholder at such time.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS"],"source_url":"https://sdlegislature.gov/Statutes/47-16-35","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"a5c929eadc089f6b89d3853f416c2a36576f7acf28d8d71bbe487e698f68815f","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-16-34","next":"us-sd/sdcl-47-16-36"},"notice":"GroundRules: Original legal text. Not legal advice."}