{"data":{"id":"us-sd/sdcl-47-1a-1302.3","jurisdiction":"us-sd","citation":"SDCL § 47-1A-1302.3","heading":"Challenge of specified completed corporate actions--Limitation.","body":"No shareholder may challenge a completed corporate action described in § 47-1A-1302, other than those subscribed in subdivisions 47-1A-1302.1(3) and (4), unless such corporate action:\n(1) Was not effectuated in accordance with the applicable provisions of §§ 47-1A-901 to 47-1A-1202.6, inclusive, or the corporation's articles of incorporation, bylaws or board of directors' resolution authorizing the corporate action; or\n(2) Was procured as a result of fraud or material misrepresentation.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-1302.3","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"0d4854905d1219bed3225ba5cb823c6f9e6cb77949cf14f56ffb086fc0a5f99c","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-1302.2","next":"us-sd/sdcl-47-1a-1303"},"notice":"GroundRules: Original legal text. Not legal advice."}