{"data":{"id":"us-sd/sdcl-47-1a-1325.1","jurisdiction":"us-sd","citation":"SDCL § 47-1A-1325.1","heading":"Notice required upon withholding of payment for after-acquired shares.","body":"If the corporation elected to withhold payment under § 47-1A-1325, the corporation must, within thirty days after the form required by subsection 47-1A-1322.1(2)(b) is due, notify all shareholders who are described in § 47-1A-1325:\n(1) Of the information required by subdivision 47-1A-1324(1);\n(2) Of the corporation's estimate of fair value pursuant to subdivision 47-1A-1324(2);\n(3) That they may accept the corporation's estimate of fair value, plus interest, in full satisfaction of their demands or demand appraisal under § 47-1A-1326;\n(4) That those shareholders who wish to accept such offer must so notify the corporation of their acceptance of the corporation's offer within thirty days after receiving the offer; and\n(5) That those shareholders who do not satisfy the requirements for demanding appraisal under § 47-1A-1326 shall be deemed to have accepted the corporation's offer.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-1325.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"c8268751932f7bdf80824007d4578f6ad3bf7db6f3ac74f7a5c916059e0d4ce3","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-1325","next":"us-sd/sdcl-47-1a-1325.2"},"notice":"GroundRules: Original legal text. Not legal advice."}