{"data":{"id":"us-sd/sdcl-47-1a-602","jurisdiction":"us-sd","citation":"SDCL § 47-1A-602","heading":"Classification or reclassification of unissued shares determined by board of directors.","body":"If the articles of incorporation so provide, the board of directors, without shareholder approval, may:\n(1) Classify any unissued shares into one or more classes or into one or more series within a class;\n(2) Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or\n(3) Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-602","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"ca23c50c5b5b01ee4c23df6daaa7d64547b42a2677d6d086919c199fcf6c5f3d","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-601.2","next":"us-sd/sdcl-47-1a-602.1"},"notice":"GroundRules: Original legal text. Not legal advice."}