{"data":{"id":"us-sd/sdcl-47-1a-1431.3","jurisdiction":"us-sd","citation":"SDCL § 47-1A-1431.3","heading":"Shareholder right to avoid dissolution by purchase of petitioner shares--Notice.","body":"Within ten days of the commencement of a proceeding under subdivision 47-1A-1430(2) to dissolve a corporation that has no shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association, the corporation shall send to all shareholders, other than the petitioner, a notice stating that the shareholders are entitled to avoid the dissolution of the corporation by electing to purchase the petitioner's shares under §§ 47-1A-1434 to 47-1A-1434.7, inclusive and accompanied by a copy of §§ 47-1A-1434 to 47-1A-1434.7, inclusive.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-1431.3","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"16ddfb71186b14589b2a143854708eabcbf9268c5b4422e9ab9f69bae693df54","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-1431.2","next":"us-sd/sdcl-47-1a-1432"},"notice":"GroundRules: Original legal text. Not legal advice."}